If a Decision Maker Chooses an Option That Leaves Him

question 26

Multiple Choice

If a decision maker chooses an option that leaves him or her worse off than choosing another available option,he or she is:

• A)using bounded rationality.
• B)basing the decision on risk aversion.
• C)making an irrational decision.
• D)making a rational decision.

Recognize the components and significance of collective bargaining agreements.

Comprehend the differences in benefits and working conditions between unionized and nonunionized employees.

Recognize the impact of external environments on unions as open social systems.

Understand the diversity of union representation in successful companies.

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Definitions:

Behavioral

Relating to the actions or reactions of a person or animal in response to external or internal stimuli.

Gender Differences

The distinctions in characteristics, behaviors, and roles traditionally associated with being male or female in a given society.

Depression

An emotional condition defined by continuous experiences of sorrow, desolation, and a diminished interest or delight in pursuits.

Artifact Theory

A perspective suggesting that observed differences in certain measures across cultures or groups are not due to actual differences in the constructs being measured, but due to the measurement instruments or procedures.