Bounded rationality Study guides, Class notes & Summaries
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WGU C715 Organizational Behavior Final Exam | Grade A Questions and Verified Answers (Latest 2023/ 2024) 100% Correct
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WGU C715 Organizational Behavior Final Exam | Grade A Questions and Verified Answers (Latest 2023/ 2024) 100% Correct 
 
Q: What is true regarding the rational decision-making model? 
 
 
Answer: 
It assumes that an individual is able to identify all relevant options in an unbiased manner. 
 
 
 
Q: Define Bounded Rationality. 
 
 
Answer: 
It involves constructing simplified models without capturing all their complexity. 
 
 
 
Q: What is an unconscious decision making process created from dist...
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TEST BANK& INSTRUCTOR’S MANUAL FOR Essentials of Organizational Behaviour
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Copyright © 2023 Pearson Canada Inc. 
TEST BANK& INSTRUCTOR’S MANUAL FOR Essentials of 
Organizational Behaviour 
Third Canadian Edition 
Copyright © 2023 Pearson Canada Inc. 
TEST BANK& 
INSTRUCTOR’S 
MANUAL 
Umair Shah 
University of Waterloo 
Essentials of Organizational 
Behaviour 
Third Canadian Edition 
Stephen P. Robbins 
San Diego State University 
Timothy A. Judge 
University of Notre Dame 
Katherine E. Breward 
University of Winnipeg 
Copyright © 2023 Pearson Canada Inc. 
ISBN...
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SPEA-V 185 Exam 2 Questions With 100% Correct Answers.
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rational decision making - Traditional economic theory that people are rational actors 
rational choice/public choice - people act based on their self interest 
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 information about all alternative possibilities. 
Maximize your utility 
pure rationality - requires person to have complete inf...
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Ultimate List CMY3701 Marking Scheme
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Ultimate List CMY3701 Marking Scheme, AGGRAVATING CIRCUMSTANCES are those circumstances that cause the offender to be punished more severely than they would normally be for a specific crime. For example, CLASSICAL CRIMINOLOGY 
as an approach to studying crime emphasises the importance, 
CRIMINAL EVENT DECISIONS 
are shorter processes, CRIMINAL INVOLVEMENT 
refers to the processes through which, LIMITED OR BOUNDED RATIONALITY 
is a term used to indicate that even, MITIGATING CIRCUMSTANCES 
are t...
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WGU C483 (Principles of Management) Final Exam Questions and Answers Latest 2023/2024 | 100% Verified
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Activity-Based costing (ABC) Ans: A method of cost accounting designed to identify streams of 
activity and then to allocate costs across particular business processes according to the mount of 
time employees devote to particular activities 
Adapters Ans: Companies that take the current industry structure and its evolution as givens, 
and choose where to compete. 
Adverse impact Ans: When a seemingly neutral employment practice has a disproportionately 
negative effect on a protected group. 
Ad...
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WGU C715 Organizational Behavior Study Guide.
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personality - correct answer characteristics that describe an individual's behavior. 
 
personality traits - correct answer characteristics that describe an individual's behavior in a large number of situations 
 
Myers-Briggs Type Indicator (MBTI) - correct answer A personality test that taps four characteristics and classifies Behavior 
 
Big Five Model - correct answer A personality assessment model that taps five basic dimensions. extraversion, agreeableness, openness, conscientiousness, a...
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ARE 112 Midterm 1 Questions and Answers 100% Correct
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ARE 112 Midterm 1 Questions and Answers 100% CorrectARE 112 Midterm 1 Questions and Answers 100% CorrectARE 112 Midterm 1 Questions and Answers 100% Correct 
 
bounded rationality -ANSWER- A set of BOUNDARIES or CONSTRAINTS that tend to complicate the rational decision-making process 
 
transaction costs -ANSWER- the expenses of negotiating and executing a deal (the cost of completing a sale/purchase) 
 
cost of uncertainty -ANSWER- chance that price of an asset will change; unstable stocks or b...
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ECON-B 251 EXAM 1 QUESTIONS WITH CORRECT ANSWERS
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Revenue equation CORRECT ANSWER Price x Quantity (P*Q). 
 
Rate of change CORRECT ANSWER Price/Quantity (P/Q) 
- For a linear relationship, this is consistent across the equation 
-For a nonlinear equation, this can be extracted as the tangent of a specific point on the equation. 
 
Economics CORRECT ANSWER The study of allocation of scarce resources. 
 
Microeconomics CORRECT ANSWER Study of decision making by individuals, households, or firms (pollution, crime, health care, education). 
 
Macr...
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ARE 112 Final Exam 2024 Questions and Answers (Graded A)
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ARE 112 Final Exam 2024 Questions and Answers (Graded A)ARE 112 Final Exam 2024 Questions and Answers (Graded A)ARE 112 Final Exam 2024 Questions and Answers (Graded A)Optimizing and Satisfying - ANSWER-Goals of the organization 
 
Transaction Costs - ANSWER-The Costs of doing business. The determinants of transaction costs are frequency, specificity, uncertainty, limited rationality, and opportunistic behavior. 
Also can apply to every day interactions 
 
Cost of uncertainty - ANSWER- 
 
Bounde...
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WGU C211 Objective Assessment Global Economics for Managers Exam Prep| Questions and Verified Answers| 100% Correct (Latest 2023/ 2024)
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WGU C211 Objective Assessment Global Economics for Managers Exam Prep| Questions and Verified Answers| 100% Correct (Latest 2023/ 2024) 
 
Q: theory that suggests that intervention by governments in certain industries can enhance their odds for international success 
 
 
Answer: 
strategic trade 
 
 
 
Q: if a company seeks to limit foreign exchange rate exposure in the forward direction, what is the most effective way to do this? 
 
 
Answer: 
currency hedging 
 
 
 
Q: exchange rate risk assoc...
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ARE 112 TOP Exam Guide Questions and CORRECT Answers
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The ideas of "needs to be actionalable" and "generate alternatives" and "objective measrues" 
are realted to: 
a. BATNA b. transformatioal changes c. theory of constraints d. Taylorism e. STS - a. 
BATNA 
The business process reengineering approach is best described as: 
a. operational b. market driven such as new products c. both external and internal to the 
organization d. strategic - a. operational 
. In The Goal, when Ralph was generating the data it is best described in terms of...
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