When a Manager Makes a Decision in Spite of Having

question 119

Multiple Choice

When a manager makes a decision in spite of having imperfect information,this is known as

• A) satisficing.
• B) using the rational model of decision making.
• C) using the behavioral model of decision making.
• D) decision specialization.
• E) bounded rationality.

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Definitions:

Ordinary Bailees

Individuals or entities temporarily holding property or goods belonging to another, with a responsibility to care for those goods but not the ownership rights.

Lien

A legal claim or right against a property, usually as security for a debt or loan.

Authorization

Authorization is the process of giving someone permission to do or have something, often referring to the explicit consent given by a figure of authority or system to access resources or information.

Engine Work

The maintenance, repair, or overhaul of an engine to improve its performance or to restore its functioning.