Managers Who Are Cautious and Try to Adhere to the Rational

question 58

Multiple Choice

Managers who are cautious and try to adhere to the rational decision-making model

• A) are more likely to make mistakes.
• B) frequently make decisions that lead to big losses.
• C) have a lower risk propensity than other managers.
• D) frequently make decisions that lead to big successes.
• E) suffer from bounded rationality.

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Definitions:

Cash Bonuses

Monetary awards given to employees as recognition for their performance, efforts, or achievements.

Temporary Employees

Individuals hired to work for a specific, limited period of time, often to fulfill seasonal needs, complete specific projects, or cover for regular employees who are temporarily unavailable.

Skill Based Pay

A compensation system where employees are paid based on the skills, knowledge, and abilities they apply in their work.

Organization's Performance

The overall effectiveness and achievement of a company's objectives, often evaluated through financial, operational, and strategic metrics.