Information Is Considered to Be Inefficient If ________

question 92

Multiple Choice

Information is considered to be inefficient if ________.

• A)its level of accuracy is too high
• B)it is availed ahead of time
• C)it is just barely sufficient
• D)it is irrelevant to the subject

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Definitions:

Price Matching

A policy by which a retailer promises to match a competitor’s lower price on an identical item to attract or retain customers.

Human Brain

The human brain is the organ located in the head of humans that controls thought, memory, emotion, touch, motor skills, vision, breathing, temperature, hunger, and every process that regulates our body.

Behavioral Economists

Professionals who study the effects of psychological, cognitive, emotional, cultural, and social factors on the economic decisions of individuals and institutions.

Prone To Errors

Characterized by a higher likelihood or tendency to make mistakes or inaccuracies.