What Are the Three Generally Accepted Constructs of Decision Making

question 5

Multiple Choice

What are the three generally accepted constructs of decision making each of us employs to make determinations?

• A) rational decision making, bounded rationality, and intuition
• B) escalation of commitment, risk aversion, and hindsight bias
• C) utilitarianism, rights, and justice
• D) expertise, creative-thinking skills, and intrinsic task motivation
• E) distinctiveness, consensus, and consistency

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Definitions:

Ethnocentrism

The conviction that one's ethnic group or culture is superior by nature, usually paired with the habit of judging other cultures based on the standards of one's own.

Corporate Gifts

Items given by a company to its clients, employees, or other stakeholders as a gesture of goodwill or appreciation.

Individualism View

A perspective that emphasizes the importance of individual rights and responsibilities, often contrasted with collectivism.

Ethical Behaviour

Conduct that is in accordance with what is considered morally right and fair in society, often guided by codes of conduct in professional settings.