Scenario - Vaughn Bately

question 1

Multiple Choice

Scenario - Vaughn Bately
Vaughn Bately manages a group of eight electrical engineers at Defiance Designs. His team is highly trained and well respected by experts both inside and outside the company. Recently one of Vaughn's engineers suggested a new technique for the development and use of an argon laser. There appeared to be rich potential for this technology, but Vaughn wasn't certain that developing this technology was the best use of his limited resources. Vaughn was facing a significant decision.
-If Vaughn uses the administrative model of decision making, which of these assumptions would he reject?

• A) Decision-makers settle for a satisficing rather than maximizing solution.
• B) The search for alternatives is limited because of information, human and resource constraints.
• C) Rational procedures will normally lead to the best solution in a complex organization.
• D) Decision objectives are often vague, conflicting, and lack consensus among managers.
• E) All of these are accepted.

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Definitions:

Trading Investments

Securities that a company buys and holds primarily for the purpose of selling them in the near term to generate income.

Consolidated Financial Statements

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Significant Influence

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Statement Of Income

A financial document that summarizes a company's revenues, expenses, and profits over a specific period, typically a quarter or year.