All of the Following Are Assumptions of Both Market and Public-Sector

question 29

Multiple Choice

All of the following are assumptions of both market and public-sector decision making EXCEPT

• A) Decisions are based on majority rule.
• B) Decisions are motivated by individuals' self-interest.
• C) Opportunity costs exist in decisions.
• D) Choices reflect incentives faced by decision makers.

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Definitions:

Severe Bereavement

Intense and profound state of mourning and grief following the death of a loved one, beyond the normal scope of bereavement reactions.

Hardy Personality

A personality trait characterized by resilience and the ability to remain calm and clear-headed under stress.

Assertive

The quality of being confidently aggressive or self-assured in stating one's opinions without being aggressive.

Unfazed by Stress

Remaining calm and not being easily disturbed or stressed by challenging situations.