Which of the Following Describes How the Simon Framework of Decision-Making

question 18

Multiple Choice

Which of the following describes how the Simon framework of decision-making works in high-velocity decision environments?

• A)Only the initial step is performed by the software; the final three steps are handled by humans.
• B)The first two steps of Simon's framework are eliminated and the final two steps are handled by software algorithms.
• C)The first three steps of the process are handled by software algorithms and the final step is handled by experienced managers.
• D)All four steps are performed by humans with the support of high-speed,high-volume DSS and ESS.
• E)All four steps of the process are handled by software algorithms; humans are eliminated from the decisions because they are too slow.

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Definitions:

Capital Expenditures Budget

A financial plan detailing a company's projected spending on fixed assets such as buildings and equipment.

Accounting Period

A specific time frame during which financial transactions are recorded and financial statements are prepared, typically lasting twelve months.

Capital Expenditures Budget

A financial plan for a company's planned acquisitions of long-term assets, such as property, plant, and equipment, that are expected to provide benefits over many years.

Operating Budgets

Financial plans that outline projected income and expenses for a business over a specific period, typically one year, guiding daily decision-making.