The Rational Decision-Making Perspective Centers on the Assumption That Human

question 104

True/False

The rational decision-making perspective centers on the assumption that human beings are rational creatures who carefully consider their decisions and that they can identify the expected value associated with a purchase.

---

Definitions:

Economic Value

The worth of a good or service determined by its capacity to provide utility to buyers or the income it generates for sellers.

Personal Finances

The management of an individual's or family's money, including budgeting, saving, investing, and spending.

Benefit Costs

Expenses incurred by organizations due to the provision of employee benefits, such as health insurance, retirement plans, and paid leave.

Organization Knowledge

The collective expertise, skills, information, and processes that exist within an organization, contributing to its ability to achieve objectives.