An "Optimally Imperfect" Decision Is One That

question 103

Multiple Choice

An "optimally imperfect" decision is one that

• A)is vaguely right instead of precisely wrong.
• B)recognizes that the decision could always be better if given more time.
• C)recognizes that the cost of additional information probably exceeds the potential gain from making a better decision.
• D)recognizes that any decision is imperfect because humans have limited intellectual capacities.

---

Definitions:

Multinationals

Large corporations that operate and deliver products or services in more than one country beyond their home base.

High-Water Mark

The highest peak in value an investment fund or account has reached, often used as a threshold for calculating performance fees.

Standard Oil Trust

A corporate entity created by John D. Rockefeller in the late 19th century, becoming the largest and most famous example of a monopoly through its control of the oil industry.

Corporate Scandals

Incidents involving alleged or actual unethical behavior by people in leadership positions within corporations.