Herbert Simon Has Concluded That Decision Making in Industry Is

question 186

Multiple Choice

Herbert Simon has concluded that decision making in industry is often best described as

• A)optimizing behavior.
• B)profit maximizing.
• C)satisficing.
• D)saturating.

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Definitions:

Themes Covered

Topics or subjects that have been addressed or explored in a discussion or piece of work.

Mnemonic Devices

Tools that help people remember information through patterns such as a sequence of letters or associations.

FOIL Method

A method used in algebra to multiply two binomials, where FOIL stands for First, Outside, Inside, Last.

Binomials

Pairs of words or terms, often connected by a conjunction, that express a single idea or entity in mathematics, biology, and language.