The Idea That Decision Makers Rely on an Implicit Favourite

question 67

Multiple Choice

The idea that decision makers rely on an implicit favourite to evaluate alternatives is:

• A)an assumption that economists made in their early research about decision makers.
• B)an emerging theory that has not yet been studied in organizational settings.
• C)a recommendation put forward by organizational behaviour scholars to improve decision making.
• D)the main reason why decision makers have difficulty identifying problems.
• E)None of the answers are correct.

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Definitions:

Primarily Liable

Being directly and foremost responsible for a legal obligation or debt.

Promissory Note

A financial instrument that contains a written promise by one party to pay another a definite sum of money, either on demand or at a specified future date.

Forged Indorsement

An unauthorized signature on a negotiable instrument, such as a check, meant to transfer the instrument’s ownership.

Conversion

The unauthorized act of possessing or disposing of someone else's property as if it were one's own, infringing the owner's rights.