Phil, the manager of a grocery store, orders truckloads of pumpkins as he believes that there will be a huge demand for it based on the sales of the previous month. He doesn't know that the demand was due to the State Pumpkin Week held the previous month. This is an example of the human compromise known as
A) subjective rationality.
B) personal perspective.
C) stereotyping.
D) simplicity.

Question

Quizplus · Accepted Answer

This scenario is an example of subjective rationality, where Phil is basing his decision on incomplete or biased information, leading to a flawed decision-making process.

Phil, the Manager of a Grocery Store, Orders Truckloads of Pumpkins