Which of the Following Is an Example of Rational Ignorance

question 139

Multiple Choice

Which of the following is an example of rational ignorance?

• A) Glenda chooses to purchase a new CD at the store 1 mile from her home instead of driving all over town to see if she can find a lower price.
• B) Bob chooses not to vote since his vote will never swing the outcome of an election.
• C) ABC Corporation chooses to hire local workers instead of outsourcing jobs to another country.
• D) Jane decides not to study for her test tomorrow even though studying could raise her grade significantly.

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Definitions:

CEO Semco

Refers to the Chief Executive Officer of Semco, a Brazilian company known for its radical form of corporate democracy and industrial democracy.

Organization's Hierarchy

The structured arrangement of roles, responsibilities, and power within an organization, defining how decisions flow and work is delegated.

Organizational Culture

The collective norms, values, and beliefs that affect how employees within an organization think, feel, and act.

Role Modeling

A behavioral strategy where a person serves as an example for others to emulate, often utilized for teaching or promoting specific skills, attitudes, or behaviors.