The concept of bounded rationality suggests that we are likely to
A. evaluate all alternatives simultaneously.
B. use accurate information to evaluate alternatives.
C. choose the first acceptable alternative.
D. pick the alternative that minimizes value.
E. develop an exhaustive list of alternatives to consider as solutions.
Answer: C
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Louisiana Enterprises received payment from its customers for previous sales on credit. What was the impact on its working capital?
a. Increase in working capital b. Decrease in working capital c. No effect on working capital d. Unable to determine
The contribution margin ratio is the percent of each sales dollar that remains after deducting the unit variable cost.
Answer the following statement true (T) or false (F)
With respect to a manager’s strategy toward philanthropic efforts, which of the following is most likely to enhance employee satisfaction?
a. giving on a first-come first-serve basis b. integrating philanthropic first-come/first-serve giving, outsourcing, and developing partnerships with specific organizations c. outsourcing giving to third-party organizations with expertise in selecting recipients d. developing partnerships with targeted nonprofit organizations
Billy owes a liquidated debt of $3000 to Rayna, his personal weight trainer. Billy sends Rayna a check for $300 on which he has marked, "Payment in Full." If Rayna cashes the check she will not be able to successfully sue Billy for the remainder of the debt
a. True b. False Indicate whether the statement is true or false