Because Information Is Costly to Acquire

question 181

Multiple Choice

Because information is costly to acquire,

• A) people will rationally choose not to become fully informed when making decisions.
• B) people will generally choose to become as fully informed as possible when making decisions.
• C) people will generally choose to acquire no information that would be relevant to their decisions.
• D) none of the above are true.

---

Definitions:

Leader-participant Relationships

The dynamic and interactions between a leader and their followers or participants within a group or organization.

Open Environment

A space or setting that is accessible and conducive to openness and interaction, often contrasted with closed or restricted environments.

Group Counseling

Using group support to find solutions for lifestyle problems.

Disadvantage

A condition or situation that causes a reduction in effectiveness, efficiency, or benefit.