The Rational Economic Person Assumption as It Is Used in PAT

question 25

Multiple Choice

The rational economic person assumption as it is used in PAT is that:

• A) All action by all individuals is driven by multiple interests in achieving a wide range of goals.
• B) All individual action is driven by self-interest and individuals will act in an opportunistic manner.
• C) Individuals are governed by a desire to co-operate in organisations to achieve the rational allocation of economic resources.
• D) The rational person is concerned only with economic factors and so does not assess the importance of non-economic impacts on their organisation.
• E) None of the given Answers.

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Definitions:

Projective Tests

Psychological assessments where individuals respond to ambiguous stimuli, revealing hidden emotions, desires, and internal conflicts.

Cognitive Learning

A type of learning that involves mental processes, such as thinking, knowing, problem-solving, remembering, and paying attention.

Operant Conditioning

A simple form of learning in which an organism learns to engage in behavior because it is reinforced.

Classical Conditioning

A learning process that occurs when two stimuli are repeatedly paired; a response that is at first elicited by the second stimulus is eventually elicited by the first stimulus alone.