"It Doesn't Hurt to Get More Information

question 144

Multiple Choice

"It doesn't hurt to get more information ..." is good advice

• A)especially when the opportunity cost of acquiring the information is high
• B)when information is less than perfect
• C)only if the marginal benefit of information is greater than the marginal cost of information
• D)only if the marginal benefit of information is equal to the marginal cost of information
• E)only if the marginal benefit of information is less than the marginal cost of information

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Definitions:

Method Bound

Referencing the limitation of a problem-solving or operational process to a specific methodology or approach.

Expectancy Theory

A motivational theory suggesting that individuals are motivated to act in certain ways based on the expected outcomes and the attractiveness of those outcomes.

Work Motivation

The set of psychological forces that influence an individual's behavior in a work setting, including their energy, direction, and persistence.

Work Outcomes

The results or outputs of an employee's work performance, including productivity, efficiency, and quality of work.