The Rational Choice Paradigm of Decision Making Does NOT Assume

question 40

Multiple Choice

The rational choice paradigm of decision making does NOT assume that:

• A) organizational goals are clear and agreed upon.
• B) the outcomes of all alternatives are known.
• C) all alternatives should be considered.
• D) information is freely available.
• E) decision makers tend to choose the first alternative exceeding the minimum standard.

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Definitions:

Prisoner's Dilemma

A paradox in decision analysis in which two individuals acting in their own self-interest do not produce the optimal outcome.

Ingroup Bias

The tendency to favor members of one's own group over those from external groups.

Trust

The firm belief in the reliability, truth, ability, or strength of someone or something.

Cooperation

Working together toward a common goal or benefit.