Nicole and Other Managers in Her Firm Have Some Ties

question 141

Multiple Choice

Nicole and other managers in her firm have some ties to Europe and are investigating opportunities for global expansion.They are struggling to understand the risks, given the complexity of world markets today and recent global instabilities.The difficulty Nicole's team is facing prevents perfectly rational decision making, and is an example of

• A)risk aversion.
• B)bounded rationality.
• C)groupthink.
• D)defensive avoidance.
• E)anchoring and adjustment.

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Definitions:

Coffee Fund

Informally refers to a pool of money collected for buying coffee or sometimes used as a casual fund for small group expenses.

Allocated

Distributed or assigned for a specific purpose or to a particular person.

Compute

To calculate or process information, often using a computer or mathematical algorithms.

Company Earned

The total revenue or profit generated by a company over a specific period.