Examlex
Which of the following statements is NOT true?
Ethical Standards
Guidelines or principles that govern the conduct of individuals and organizations, ensuring behavior is moral and right.
Bounded Rationality
The concept that decision-making is limited by the information available, the cognitive limitations of individuals, and the finite amount of time available to make a decision.
Budget Increase
An upward adjustment in the amount of money allocated for specific purposes, often reflecting growth or expansion in operations or projects.
Behavioural Decision Model
suggests that decision-making processes are influenced by cognitive biases, emotions, and social influences rather than being purely rational or logical.
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