Normative Models of Decision Making Describe ______

question 68

Multiple Choice

Normative models of decision making describe ______.

• A)how we ought to make decisions in realistic circumstances
• B)ideal performance under ideal circumstances
• C)what people actually do when they make decisions
• D)cognitive illusions

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Definitions:

Performance Targets

Specific goals set by a company or an individual to measure the level of success or efficiency in completing tasks or objectives.

Merit Pay Systems

Compensation strategies where employees' base pay increases are contingent upon their performance, often measured through performance appraisals.

Base Compensation

The initial salary or wage that an employee receives from an employer, not including bonuses, benefits, or any additional compensation.

Desirable Place

An area or location that is preferred by people for living, working, or recreation due to its favorable qualities and attributes.