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The essential function of a job
Classical Decision Theory
A framework for understanding and improving decision-making processes, emphasizing rational choices based on available information and preferences.
Perceive
To perceive means to become aware or conscious of something through the senses, or to interpret in a certain way.
Reputation Risks
The potential loss or negative impact on an organization's reputation due to its actions, decisions, or events that are perceived negatively by the public or stakeholders.
Bounded Rationality
A concept suggesting that individuals make decisions based on the limited information available to them and their mental capacity to process that information.
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