Because Bounded Rationality Affects Most Managers, Decisions Made Are Strongly

question 95

Multiple Choice

Because bounded rationality affects most managers, decisions made are strongly influenced by all of the following except

• A)self- interest.
• B)organizational culture.
• C)known outcomes.
• D)power considerations.

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Definitions:

Void

A term referring to a contract or legal obligation that is deemed invalid or unenforceable.

Consideration

In contract law, it refers to something of value exchanged between parties, which is necessary for the formation of a legally binding contract.

Sued

The action of bringing a lawsuit against an individual or entity, claiming wrongdoing or seeking remedies under law.

Unconscionable

A situation or term in an agreement that is so unjust or overwhelmingly one-sided in favor of the party with more power that it is deemed unenforceable under law.