Which of These Statements About Human Decision Making Is FALSE

question 142

Multiple Choice

Which of these statements about human decision making is FALSE?

• A)Personal biases typically distort the selection and interpretation of information.
• B)Decision makers engage in a limited search for and evaluation of alternatives.
• C)Decision makers usually examine all alternatives at the same time.
• D)Decision makers compare each alternative to an implicit favourite.
• E)Decision makers have a limited capacity to process information.

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Definitions:

First-in

A principle often related to inventory valuation where the earliest goods purchased or produced are the first ones to be sold or used.

Conversion

The process of changing resources into finished products, or converting prospects into customers.

Equivalent Units

A concept used in cost accounting to represent the amount of work done on partially completed goods, expressed in terms of fully completed units.

First-in

A reference often used in inventory management, indicating that the first items produced or acquired are the first ones to be sold or used.