Only one of the following statements regarding decision making is correct. Please indicate the most correct statement: Question 13 options: Hiring a person from the same university because previous hires from there were successful is an example of availability heuristic, where the decision is based on the assumption that the individual will perform well due to the perceived typical characteristics of successful hires from that university. The bounded model of rationality is a linear and sequential model of decision making. Analytic Hierarchy Process nicely illustrates how to choose between alternatives and is embedded in the principles of the rational model of decision making. Travel reimbursement by a faculty member at Goodman School of Business qualifies as a non-programmed decision. According Bernoulli the expected utility of an action is the product of three things: (1) expectancy, (2) instrumentality and (3) valence