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Author Question: Abigail is shopping for a new copier for her company. She has set her price range between 5,000 and ... (Read 56 times)

abc

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on: Jul 7, 2018
Abigail is shopping for a new copier for her company. She has set her price range between 5,000 and 6,000. The copier must handle a minimum of 10,000 copies per month and have a useful life expectancy of five years.
 
  If Abigail selects the first copier she finds that meets these criteria, we would say she is ________.
  A) using perfect rationality
  B) using bounded rationality
  C) using intuition
  D) satisficing

Question 2

Evelyn's Internet search for information about vendor for machine screws yielded more than 100,000 items. Evelyn did not have time or resources to pursue each of these so she limited her search to only vendors in her state.
 
  By doing this, Evelyn used ________.
  A) perfect rationality
  B) bounded rationality
  C) satisficing
  D) intuition


nicoleclaire22

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Reply #1 on: Jul 7, 2018
Answer to Question 1

Answer: D

Answer to Question 2

Answer: B


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