Simon Argues That All Administrators Have Limitations on Their Ability

question 35

Multiple Choice

Simon argues that all administrators have limitations on their ability to process information and make rational decisions.This concept is known as ________.

• A)organizational anomie
• B)garbage can decision-making
• C)nominal group technique
• D)bounded rationality

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Definitions:

Cash Equivalent

Short-term, highly liquid investments that can be readily converted to cash with insignificant risk of changes in value.

Interest Rate

The proportion of a loan that is charged as interest to the borrower, typically expressed as an annual percentage of the loan outstanding.

Financing Activities

Transactions and business events that affect long-term liabilities and equity of the company, such as issuing bonds or repaying bank loans.

Long-term Assets

Assets that are expected to provide economic benefits over a period longer than one fiscal year, such as land, buildings, and equipment.