47) Which kinds of decisions are hardest to evaluate?
A) a decision made by a single person
B) unemotional decisions
C) a decision made by an organization
D) emotionally charged group decisions
48) Which statement best describes a key assumption of bounded rationality?
A) Information is never complete.
B) Information is never completely accurate.
C) Information is never complete nor is it completely accurate.
D) Information is either complete or completely accurate, but not both.
49) When people satisfice, they select ________.
A) a less than optimal choice
B) the optimal choice under any conditions
C) the second-best choice
D) a choice that is likely to be inadequate
50) The 80/20 rule holds that ________.
A) small inputs result in small outputs
B) small inputs often result in large outputs
C) large inputs often result in large outputs
D) inputs are completely unrelated to outputs
51) An inference uses ________ to draw a conclusion.
A) subconscious information
B) evidence or known information
C) presuppositions and assumptions
D) pure logic