Which term best characterizes a decision that has bounded rationality?
A) virtually perfect
B) rigorous and comprehensive
C) not good enough
D) just good enough
Answer: D
Explanation: Rather than thought to be perfect or rigorous and thorough, a bounded rationality decision is considered to be "just good enough."
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Universal life differs from traditional whole life, because
A) universal life explicitly divides premium payments into a death protection component and an investment component. B) universal life pays a guaranteed interest return over the life of the policy's cash value. C) those with traditional whole life can borrow against their cash value, whereas those with universal life cannot. D) those with universal whole life can borrow against their cash value, whereas those with traditional whole life cannot.
In 2005, the National Hockey League Players Association waged a ten-week strike
Indicate whether the statement is true or false