Managers Are Assumed to Be ________; They Make Consistent, Value-Maximising

question 91

Multiple Choice

Managers are assumed to be ________; they make consistent, value-maximising choices within specified constraints.

• A)rational
• B)leaders
• C)organised
• D)satisficers
• E)programmed

Grasp the general legal capacity needed to enter into binding contracts and the exceptions.

Recognize the circumstances under which contracts can be void, voidable, or enforceable.

Identify the rights and obligations of minors in contract law.

Understand the legal implications of entering into contracts while intoxicated.

---

Definitions:

Variance of Returns

A statistical measurement of the dispersion or spread of a set of investment returns, used to understand investment risk.

Positively Correlated

A relationship between two variables where they move in the same direction, meaning that as one variable increases, the other variable also increases, and vice versa.

Complete Information

A scenario in which all parties have access to all relevant information related to a transaction or decision.

Real Rate of Return

The real rate of return is the annual percentage profit earned on an investment, adjusted for changes in the price level due to inflation or deflation.