According to the Satisficing Model of Management Behavior,the Goal of a Firm

question 30

Multiple Choice

According to the satisficing model of management behavior,the goal of a firm is to:

• A)achieve a satisfactory level of performance against a benchmark.
• B)satisfy customers,employees,and shareholders.
• C)maximize the gain to society and not just to shareholders.
• D)maximize sales revenue and not necessarily the value of the firm.
• E)maximize its market share even at the cost of profit.

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Definitions:

End-User Needs

The requirements and goals of the final user of a product or service, essential for designing effective solutions.

NewSQL

NewSQL is a class of modern relational database management systems that seeks to provide the scalability of NoSQL systems with the ACID guarantees of a traditional database.

Relational Database Management System

A database management system that is based on the relational model, where data is stored in tables and the relationship between data is also maintained in tables.

OLTP

Online Transaction Processing (OLTP) refers to a class of systems that facilitate and manage transaction-oriented applications, typically for data entry and retrieval transaction processing.