COST ACCOUNTING
INFORMATION FOR DECISION MAKING
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Suppose you are the CEO of a large firm. In the middle of a busy day, an interior decorator arrives at your office to show you some wallpaper samples for the conference room in your building. Rather than spending a lot of time going through the samples, you simply pick one that is acceptable and politely ask the interior decorator to leave. This form of decision-making is an example of
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intuition.
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satisficing.
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escalation of commitment.
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vigilance.
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bounded rationality.
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Explanation:
There is 1 question to complete.