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In 2-3 paragraphs respond:
Much has been made of the fact that people don't consistently act with scientific rationality. What is meant byrationality?
Consider the three "systematic mistakes" discussed in your text. It is possible to act irrationally simply because people can be "forgetful, impulsive, confused, emotional, and shortsighted (Mankiw 472)."
What are the costs of making those "systematic mistakes"?
Is it possible to act "irrationally," or is rationality defined by the individual's approach to decision making?
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Explain what elements of a quality culture are lacking by the organization
a) Determine the payback period for this project. b) Using net present value recommend whether or not Gamma should purchase the new machine.
To what extent does the manager training program follow the learning process and stages of learning according to Cognitive and Behavioural Learning Theories?
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List down some of the factors that affect the demand of goods and supply in the economy.
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