John,a Top Executive,is in a Situation Where He Has to Quickly

question 12

Multiple Choice

John,a top executive,is in a situation where he has to quickly decide between two projects that came in simultaneously from two major clients.Since his team is not big enough to complete both projects at a time,he cannot accept both.He had a hunch and just like that accepted one of the clients' project without any considerations.This scenario is an example of _____.

• A) rational decision making
• B) bounded rationality
• C) intuitive decision making
• D) context-independent decisions

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Definitions:

Securities Taxes

Taxes levied on the earnings from stocks, bonds, or other investment assets.

Wealth Destruction

The process by which the value of an asset or investment decreases significantly, reducing overall wealth.

Wall Street

The financial district of New York City, symbolizing the financial markets and institutions of the United States.

Slums

Highly populated urban residential areas consisting mostly of closely packed, decrepit housing units in a situation of deteriorated or incomplete infrastructure.