According to Herbert Simon, Which Problem- Solving Phase Incorporates Inventing

question 48

Multiple Choice

According to Herbert Simon, which problem- solving phase incorporates inventing, developing, and analyzing possible courses of action?

• A)choice activity
• B)review activity
• C)design activity
• D)intelligence activity

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Definitions:

Liquid

In financial terms, describes assets that can be easily converted into cash without much loss in value.

Demand Deposits

Accounts held in banks that can be withdrawn at any time without any advance notice to the financial institution.

Debit Card

A payment card that deducts money directly from a consumer's checking account to pay for a purchase, rather than using a credit line.

Store Of Value

An item that people can use to transfer purchasing power from the present to the future.