Which of the Following Is an Assumption of Rationality

question 8

Multiple Choice

Which of the following is an assumption of rationality?

• A)The problem is ambiguous.
• B)Multiple goals are to be achieved.
• C)Time and cost constraints are known.
• D)All alternatives and consequences are known.

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Definitions:

Geo-political Standing

The position or status of a country or region in relation to its political and geographical characteristics, influencing its relations with others.

Information/Communications Technology

A broad term for technology used in capturing, processing, storing, and exchanging data and information, including computers, internet, and telecommunications.

Comparative Advantage

The ability of an entity to produce a good or offer a service at a lower opportunity cost than its competitors, leading to more efficient international trade.