The Rational Choice Model of Decision Making Is Rarely Practiced

question 96

Multiple Choice

The rational choice model of decision making is rarely practiced in reality because:

• A) it ignores the fact that problems must be defined before alternatives are chosen.
• B) it assumes that human beings make decisions based on their emotions.
• C) it assumes that people are efficient and logical information processing machines.
• D) it ignores the fact that people evaluate their decision after an alternative has been chosen and implemented.
• E) All of these statements are correct.

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Definitions:

Hiring Employees

The process of recruiting, evaluating, and selecting individuals to fill job vacancies within an organization.

Patent

A form of intellectual property that gives its owner the legal right to exclude others from making, using, or selling an invention for a certain number of years.

International Trade Agreements

Legal accords between countries that dictate the terms and conditions of trade between them.

Counterfeit

Goods that are made or sold under another's brand name without the brand owner's authorization.