Mike Had Recently Finished His Accounting Degree, and Was Considering

question 35

Multiple Choice

Mike had recently finished his accounting degree, and was considering which professional journals he should subscribe to in his career. He purchased several journals and read all the articles in each one right after finishing the CPA exam, then made his decision. His behavior is an example of:

• A) Limited information search strategies.
• B) Arbitrary information analysis.
• C) Suboptimal decisions.
• D) Strenuous personal situations.

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Definitions:

Gratuitous Promise

A promise for which no consideration is given and which is not legally binding.

Conditional

Something that is subject to one or more conditions or requirements being met before it becomes fully effective or binding.

Future Events

Events or occurrences that have not yet happened but are expected or predicted to happen in the future.

Police Officer

A member of the police force or department, legally vested with the powers to maintain peace, prevent crime, and enforce laws.