What Did Nobel Prize Winner Herbert Simon Recognize

question 23

Multiple Choice

What did Nobel Prize winner Herbert Simon recognize?

• A)The usefulness of programmed decision making
• B)The usefulness of non-programmed decision making
• C)The perfectly rational characteristics of Economic Person do not exist in real decision makers
• D)The characteristics of Economic Person
• E)The existence of groupthink

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Definitions:

Cash Dividends

Distributions of a company's earnings to shareholders in the form of cash.

Selling and Administrative Expenses

Costs related to the day-to-day operations of a business, excluding manufacturing expenses.

Internal Rate of Growth

The maximum rate at which a firm can grow its sales and revenue without needing to increase external financing, relying solely on its own profits.

Assets

Resources owned by a company or individual that have economic value and can be used to meet debts, commitments, or legacies.