Farrell Has a Knack for Selecting Candidates Who Become Very

question 65

Multiple Choice

Farrell has a knack for selecting candidates who become very successful workers. When asked how he does it, he answered that he "listened to his gut." Farrell is really ________.

• A) using his intuition
• B) using bounded rationality
• C) using perfect rationality
• D) satisficing

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Definitions:

Income Summary

An account used in the closing process that summarizes the revenue and expenses for a specific accounting period.

Expenses Accounts

Accounts that track money spent or costs incurred in a company’s operations to generate revenue.

Rent Expense

The cost incurred for utilizing a property or equipment for business purposes, recognized as an expense in the accounting period it is incurred.

Net Income

The company's net income following the deduction of all costs and taxes from the total income.