Bounded rationality is based on the following assumptions except _____
a. managers select the first alternative that is satisfactory
b. managers use judgment shortcuts
c. managers prefer to look at all the alternatives before making a decision
d. both the available information and the definition of the situation are incomplete and inadequate to some degree
e. none of the above
C
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What would be the expected price of a stock when dividends are expected to grow at a 25 percent rate for three years, and then grow at a constant rate of 5 percent, if the stock's required return is 13 percent and next year's dividend will be $4.00?
A) $61.60 B) $68.64 C) $79.44 D) $62.08
Which of the following statements concerning a safety clause in a listing agreement is CORRECT?
A. State statute will determine how many days of protection are appropriate for the safety clause. B. If during the safety clause period the owner re-lists the property with a new broker the owner could be liable for two commissions. C. A safety clause to seller should be informer by phone of any person who inspected the property during the listing period. D. To enforce the safety clause the seller should be informed by the phone of any person who inspected the property during th listing period.