If $\Omega$ _m =0

question 10

Multiple Choice

If $\Omega$ _m =0.5 today and there were no dark energy, the universe would

• A) expand forever.
• B) slow its expansion and eventually stop.
• C) stop expanding and eventually collapse.
• D) oscillate between expansion and collapse.
• E) expand so quickly that it would be ripped apart.

Understand the various stages of the rational decision-making process and challenges at each stage.

Appreciate the importance of framing and presentation in decision-making.

Explain the role of shortcuts and assumptions in improving decision-making efficiency while recognizing their potential pitfalls.

Understand the relevance and contributions of Herbert Simon’s work to the field of decision-making.

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Definitions:

Net Income

The total profit of a company after all expenses and taxes have been deducted from its total revenue.

Assets and Liabilities

Assets are resources owned by a business or individual offering future economic benefits, while liabilities are obligations that deplete resources.

Financial Position

Financial position refers to the status of a company's assets, liabilities, and equity at a specific point in time, as represented in the balance sheet.

Owners' Equity

The residual interest in the assets of an enterprise after deducting liabilities, representing the ownership's claim on the company's assets.