Matching ​Match Each of the Following Situations with the Stage of of the Rational

question 122

Multiple Choice

Matching
​Match each of the following situations with the stage of the rational approach to decision making it most clearly illustrates.
-​choose an alternative

• A)​Bob looks up business school rankings to determine which schools would consider his GPA and GMAT score competitive.
• B)​Bob decides which business schools he'd like to attend.
• C)If all of the business schools he applies to reject him, Bob will try to raise his GMAT score and apply again next year.
• D)​Bob completes and sends out applications to the business schools he'd like to attend.
• E)​Bob wants to go to a good business school.
• F)After determining which high-quality schools he has a reasonable shot of getting into, Bob uses a combination of factors -- price, location, and teacher ratings -- to compare them.

---

Definitions:

Partnerships

A legal form of business operation between two or more individuals who share management and profits.

Agency Problem

A conflict of interest arising between decision-makers (agents) and the owners (principals) due to differing goals.

Managements' Compensation

The financial and non-financial rewards given to corporate management, which may include salary, bonuses, stock options, and other benefits.

Auditors

Professionals or firms appointed to review and verify an organization's financial records and statements to ensure accuracy and compliance with accounting standards.