The Decision Not to Acquire Information Because the Cost of Acquiring

question 62

Multiple Choice

The decision not to acquire information because the cost of acquiring the information exceeds the expected benefit from the information is known as

• A) public choice theory.
• B) the principle of minimum differentiation.
• C) inefficient provision.
• D) rational ignorance.

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Definitions:

Performance-Driven Culture

An organizational environment that prioritizes and rewards achievement, results, and high performance among its staff.

HRM System

Human Resource Management System; an integrated suite of software applications used to manage and automate many HR processes, including recruitment, employee management, and payroll.

Performance Measurement

A method used by organizations to evaluate and assess the efficiency and effectiveness of its operations, often by analyzing quantitative data.

Promotion

The advancement of an employee to a higher position or job title within a company.