Which of the Following Is True of the Administrative Model

question 89

Multiple Choice

Which of the following is true of the administrative model method of decision making?

• A)It is a less commonly used method of decision making.
• B)It is used when decision makers have some knowledge and a partial goal consensus.
• C)It is useful when decision makers want to prevent the tendency of satisficing.
• D)It occurs when there is an absence of bounded rationality.

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Definitions:

Household Income

The combined gross income of all members of a household, contributing to its total earning capacity.

Adults Work

Employment activities or tasks performed by individuals who have reached the legal working age, contributing to their livelihood and economy.

Price Strategy

The method adopted by a company to set its product or service's price, taking into account costs, competition, target audience, and market conditions.

Price Position

The strategy or tactic a company uses to establish their product or service's price relative to the competition.