A CEO does not want to enter a lucrative market in an unstable country because he or she does not know how political forces and economic forces will affect his or her company's future business. This is an example of:
A) a competitive interdependency.
B) opportunism.
C) bounded rationality.
D) a symbiotic interdependency.

Question

Quizplus · Accepted Answer

This decision reflects bounded rationality, as the CEO is limited by their own cognitive abilities and the available information in making a decision. They recognize the potential risks and uncertainties in entering a lucrative market in an unstable country, and are choosing not to proceed based on those limitations. This is not an example of competitive interdependency or symbiotic interdependency, as it is not related to relationships or interactions between companies. Opportunism is also not an appropriate choice, as the decision is not based on seeking immediate gain or advantage.

A CEO Does Not Want to Enter a Lucrative Market