When a Decision Maker Chooses the Option Leading to the Outcome

question 7

Multiple Choice

When a decision maker chooses the option leading to the outcome that he or she most prefers,he or she has made a _____ decision.

• A)irrational
• B)rational
• C)profit-maximizing
• D)loss-minimizing

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Definitions:

High Achievers

Individuals who consistently perform at a high level and achieve significant success in their activities.

Self-Actualization

The realization or fulfillment of one's talents and potentialities, considered as a drive or need present in everyone.

Avoid Uncertainty

The tendency of individuals or cultures to seek predictability and familiarity, often by minimizing risks and making cautious decisions.

Psychoanalysis

A therapeutic approach and theory of psychology developed by Sigmund Freud, focusing on unconscious motivations and conflicts as drivers of human behavior.