In a Complex Work Environment, a Manager Does Not Have

question 65

Multiple Choice

In a complex work environment, a manager does not have enough time to identify and reflect on all the information needed to make decisions. This situation is most consistent with which of the following concepts?

• A) Bounded rationality
• B) The classical model of decision making
• C) Satisficing
• D) Brainstorming
• E) Scientific management

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Definitions:

Working Capital

The difference between a company's current assets and current liabilities, indicating its short-term liquidity.

Financial Data

Numeric information representing the financial performance, position, and cash flows of a company.

Current Ratio

A metric that evaluates how well a business can handle its short-term financial commitments due within a year.

Financial Data

Quantitative information about a company's financial position, performance, and cash flow, which is used for analysis and decision-making.