Examlex
The ________ is the rate of return required by the market suppliers of capital in order to attract their funds to the firm.
Herbert Simon
An influential scholar in the realms of economics, psychology, and computer science, known for his work on decision-making and artificial intelligence.
Economic Person
A theoretical concept of a person who makes rational decisions by maximizing utility or profit based on limited resources.
Programmed Decision Making
A decision-making process that follows established procedures or rules, often used for routine and repetitive decisions.
Existing State
The current conditions or circumstances of a system, situation, or state of affairs.
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