If It Takes You an Hour to Make a Rational

question 35

Multiple Choice

If it takes you an hour to make a rational decision and the opportunity cost of that hour is $100, you will:

• A) always make rational decisions.
• B) make rational decisions only if the benefit from doing so exceeds $100.
• C) make rational decisions only if the benefit from doing so is less than $100.
• D) never make rational decisions.

---

Definitions:

Herman And Heimovics

Researchers known for their contributions to the field of nonprofit management and leadership, particularly regarding the challenges and dynamics unique to leading nonprofit organizations.

Philanthropic Funds

Financial resources allocated by individuals, foundations, or organizations to support causes and initiatives aimed at making a positive social impact.

Board Responsibility

The obligations and duties of a governing body (board) of an organization, including strategic planning, overseeing the organization's activities, and ensuring financial health.

Moral Behaviors

Actions performed by an individual that are considered right or good within a social or ethical context.