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Rachael would like to shop around comprehensively for her car insurance this year.However she is very busy at work,so instead of searching more exstensively she simply does a quick check on 3 well-known options and chooses one.According to Herbert Simon,this is known as what?
GAAP
Generally Accepted Accounting Principles, a common set of accounting principles, standards, and procedures that companies must follow when they compile their financial statements.
Segment Assets
Assets that are allocated to a company's operational segments or divisions for the purpose of financial reporting.
Price/Earnings Ratio
A valuation metric for a company that measures its current share price relative to its per-share earnings.
Preferred Dividends
Payments made to preferred shareholders, often at a fixed rate, that take precedence over dividends to common shareholders.
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