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ipn [44]
1 year ago
12

while matt likes the structure provided by the rational decision-making process, you caution him that it has some shortcomings.

why is the rational decision-making process difficult to apply completely in many situations? check all that apply.
Business
1 answer:
lilavasa [31]1 year ago
6 0

In the given situation, the rational decision-making process is difficult to apply completely in many situations because (A) managers do not always evaluate situations rationally.

<h3>What is the rational decision-making process?</h3>
  • The antithesis of intuitive decision-making is rational decision-making.
  • It follows a precise process that makes use of logic and objective knowledge.
  • It entails recognizing the issue that has to be resolved, collecting data, locating options and outcomes, analyzing them, taking into account all the connections, and making a decision.
  • A person choosing between two cars would be an illustration of a reasonable customer.
  • Because Car B is less expensive than Car A, the consumer chooses to buy it.
  • Although the rational choice theory is clear-cut and logical, it frequently runs afoul of reality.

Therefore, in the given situation, the rational decision-making process is difficult to apply completely in many situations because (A) managers do not always evaluate situations rationally.

Know more about the rational decision-making process here:

brainly.com/question/28167457

SPJ4

Complete question:
While matt likes the structure provided by the rational decision-making process, you caution him that it has some shortcomings. why is the rational decision-making process difficult to apply completely in many situations? check all that apply.

a. managers do not always evaluate situations rationally.

b. managers are limited by their values and conscious health.

c. managers usually have the resources to consider numerous alternatives

d. managers cannot always obtain accurate information

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- absolute

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Explanation:

To have an absolute advantage means to be able to produce more using the same resources. To have_absolute_______ advantage means to have a lower___production/resource cost____.Comparative advantage is the basis for_exportation of goods_____. It is__impossible______for one producer to have a comparative advantage for every good.

If a producer is producing more using the same resources, that means he has the benefit of obtaining the raw materials at a lower cost.

Comparative advantage is the basis for exportation of goods because producers or countries focus on exporting products that give them comparative advantage, so as to make foreign earnings.

It is impossible for one producer to have comparative advantage for every good.

4 0
3 years ago
If you had the power to decide which substance should be legal and which should not, what criteria would you use in making your
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The use of the substance, long term affects, and the substance affect on those around the person using it.
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3 years ago
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Alexus [3.1K]

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1.8

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3 0
3 years ago
Steve and Ed are cousins who both turned 25 today. Their grandfather began putting $2,500 per year into a trust fund for Steve o
iVinArrow [24]

Answer:

Answer A is correct

Explanation:

Step 1 find how much Steve will have when he retires:

financial calculator steps

press g 7 (to set the calculator to assume payments are made at the beginning of the period)

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-2500 pmt (payment made into the account each period)

0 PV (starting balance of account)

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We can now use this value to solve backwards

8 i

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6 0
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Lower interest rates are part of tight money policy.
AVprozaik [17]

The statement, 'lower interest rates are part of tight money policy' is false.

<u>Explanation:</u>

Tight monetary policy which is also known as contractionary monetary policy is undertaken by Federal Reserve to reduce the economic growth that is overheated and to curb fast increasing inflation rate. Here the policy increases the interest rates thereby reducing the borrowing in the economy.

So, the true statement would be 'lowering the interest rates stimulates the borrowing in the economy and it is a part of the expansionary or loose monetary policy'.

6 0
3 years ago
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