The Willingness to Reject Unfamiliar and Negative Information in Environmental

question 9

Multiple Choice

The willingness to reject unfamiliar and negative information in environmental scanning is called

• A) strategic myopia.
• B) strategic incompetence.
• C) brainstorming.
• D) logical incrementalism.
• E) tacit knowing.

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Definitions:

Money Rate

Often referring to the interest rates in financial markets; the cost of borrowing money.

Time Preference

The inclination of individuals to prefer goods and services in the present rather than in the future.

Time Preference

This concept describes individuals' preference for immediate benefits over future ones, influencing their decisions on saving, investing, and consumption.

Time Preference

An individual's preference for receiving goods or services sooner rather than later.