It Is Rational to Be Ignorant When

question 190

Multiple Choice

It is rational to be ignorant when:

• A) the benefits of the information outweigh the costs of acquiring the information.
• B) the costs of becoming informed are greater than the benefits of being informed.
• C) you have limited mental capacity.
• D) dollars or profits do not matter.

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Definitions:

Legitimate Power

The authority granted to an individual by an organization, recognized and accepted by members for influencing behavior.

Organization

A structured group of individuals working together towards common goals, often within a formal hierarchy.

Job Holders

Individuals currently employed in a particular position, contributing to the roles and functions of an organization.

Power

The ability or capacity of an individual or group to influence or control the actions, behaviors, or opinions of others.