Which of the Following Is an Assumption of Rationality

question 139

Multiple Choice

Which of the following is an assumption of rationality?

• A) The problem is ambiguous.
• B) Multiple goals are to be achieved.
• C) Time and cost constraints are known.
• D) Preferences change quickly.
• E) All alternatives and consequences are known.

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Definitions:

Deadbolt Locks

A locking mechanism distinct from spring bolt lock, offering more security by requiring a key or knob to move the lock into the locked and unlocked positions.

Materials Quantity Variance

The difference between the actual and standard quantity of materials used times the standard price.

Materials Price Variance

The difference between the actual price and standard price of raw materials times the actual quantity used or purchased.

Direct Materials Price Variance

The difference between the actual cost and standard cost of materials used in production.