Bounded choice - Study guides, Class notes & Summaries

Rational Choice/Public Choice - The application of economic assumptions about rationality and self-interest to the study of political behavior What does it mean to be a rational actor - -based on the expected utility of each option. -These rank-ordered preferences are stable and transitive -You analyze all the possible alternatives and know which alternatives will work the best the rational comprehensive model - -Requires them to have complete information and the capacity to process this i...

(1) What stages do groups pass through? 1. Idea generation, implementation and termination. 2. Introduction, high productivity and decline. 3. Initiation, evolution, maturation and decline. 4. Forming, storming, norming, performing and adjourning. (2) How would you describe a work group? 1. A group whose individual efforts result in a performance that is greater than the sum of the individual inputs. 2. A group that primarily interacts to share information and to make decision...

NJ CALA Aging in Place - correct answer A process whereby individuals remain in their living environment despite the physical and/mental decline and growing needs for supportive services that may occur in the course of aging. ADLs (Activity of Daily Living) - correct answer The functions or tasks for self-care, which are performed either independently or with supervision or assistance, such as: dressing, bathing, toileting, transfer, locomotion, bed mobility, and eating. Assisted Living -...

CALA NJ Question and answers 2023/2024 verified to passAssisted living residence - correct answer Facility licenced by the department of health & senior servics to provide apartment style housing & congregate dining & to assure that assisted living servicea are abailable when needed for 4 or more adult persons unrelated to the proprietor. Apartments offer at a minimum, 1 unfurnished room, a private bathroom, a kitchenette & a lockable door on the unit entrance. Assisted living values - correc...

Punctuated equilibrium - ️️Happens when attention of key decision makers becomes focused on a single issue or problem Generally happens when an issue hits a breaking point and attention shifts and becomes proportionately focused Some issues can't be solved incrementally what does it mean to be a rational actor? - ️️You are able to rank, order your preferences based on the expected utility of each option. These rank ordered preferences are stable and transitive. Having perfect ...

Aging in Place : A process whereby individuals remain in their living environment despite the physical and/mental decline and growing needs for supportive services that may occur in the course of aging. ADLs (Activity of Daily Living) : The functions or tasks for self-care, which are performed either independently or with supervision or assistance, such as: dressing, bathing, toileting, transfer, locomotion, bed mobility, and eating. Assisted Living : A coordinated array of supporti...

NJ CALA Exam Questions and Answers 100% Pass Aging in Place - Correct Answer ️️ -A process whereby individuals remain in their living environment despite the physical and/mental decline and growing needs for supportive services that may occur in the course of aging. ADLs (Activity of Daily Living) - Correct Answer ️️ -The functions or tasks for self-care, which are performed either independently or with supervision or assistance, such as: dressing, bathing, toileting, transfer, loc...

NJ CALA Exam Study Guide. Aging in Place - answerA process whereby individuals remain in their living environment despite the physical and/mental decline and growing needs for supportive services that may occur in the course of aging. ADLs (Activity of Daily Living) - answerThe functions or tasks for self-care, which are performed either independently or with supervision or assistance, such as: dressing, bathing, toileting, transfer, locomotion, bed mobility, and eating. Assisted Living -...

CEBS GBA Exam 2 Questions & Answers 2023/2024 What is the basic assumption underlying concept of a free market and how is it challenged by the theory of "bounded rationality?" (Mod 1.1) - ANSWER-Assumption that rational customers will make informed decisions about value, quality and price, while producers who meet consumer's demands will be rewarded with market share and profit. However this is challenged by the consumer's "bounded rationality" - rational consumer is only functional u...

What is the basic assumption underlying concept of a free market and how is it challenged by the theory of "bounded rationality?" (Mod 1.1) - correct answer Assumption that rational customers will make informed decisions about value, quality and price, while producers who meet consumer's demands will be rewarded with market share and profit. However this is challenged by the consumer's "bounded rationality" - rational consumer is only functional up to a certain point because choices are ...