Toby is hunting for a new apartment. He is specifically looking for one that is located in the heart of the city and should be available for $600 per month. However, Toby is also willing to pay up to $850 per month for a place that is situated slighted away from the city center. According to him, the second option "will also do." This is an example of ________.
A. rational decision making
B. bounded rationality
C. intuitive decision making
D. non linear thinking
Answer: B
You might also like to view...
(Appendix) Payments to employees and to the government are examples of cash outflows resulting from operating activities
a. True b. False Indicate whether the statement is true or false
What are the steps in a customer value analysis?
What will be an ideal response?
Hypothesis testing is a statistical procedure used to accept or reject the hypothesis based on sample information
Indicate whether the statement is true or false
Rafi is on a website development team. She is the teammate who helps to maintain the status quo but will support an idea once she sees that others are supporting it. According to Kelley’s followership typology, Rafi is a follower best described as ______.
A. conformist B. passive C. exemplary D. pragmatic