Bounded rationality offers an individual from outside an industry the unconstrained role of decision-making that was not previously considered.
Answer the following statement true (T) or false (F)
True
Bounded rationality is rational decision-making that is constrained by the background and history of the person making the decision.
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Janet, a lawyer, has been assigned to work on a money laundering case. She has collected the facts and understood the issue. According to the eight steps to legal reasoning, which of the following will be her next step?
A) verifying if the legal argument contains significant ambiguity B) looking for evidence of relevant missing information C) stating the reasons and conclusion of the issue D) analyzing the ethical norms fundamental to the court's reasoning
Yield management is commonly referred to as ______ management.
A. cost B. revenue C. sales D. service
Reilly's law of retail gravitation describes
A. how consumers decide where to buy the goods and services they consume. B. how retailers choose the best products to sell for a given location. C. the profit potential for two competing stores located in close proximity. D. how many stores, on average, a consumer will visit in one shopping trip. E. the profit potential of various retail locations.
Pam was a successful engineer at TruTech. She recently took a job as a manager. While she appreciates the raise in pay, and the company was glad for the opportunity to reward her performance, it is quite likely that TruTech promoted her out of something she was good at doing and into a position for which she may not be well suited.
Answer the following statement true (T) or false (F)