Herbert Simon Suggested That Comprehensive Planning Was Neither Feasible nor Useful

question 29

Multiple Choice

Herbert Simon suggested that comprehensive planning was neither feasible nor useful and that "suboptimizing" was a more reasonable alternative. Which of the following is the best description of "suboptimizing"?

• A) Identifying and analyzing all alternatives
• B) The development of goals and objectives that are comprehensive
• C) The selection of an alternative that achieves some of the desired goals
• D) Recognizing the ways in which the client is not optimizing their potential

Recognize the concept of bond duration and its implications for interest rate risk.

Interpret the market implications of basis points and their impact on bond prices.

Understand the definition and scope of psychology.

Distinguish between different research methodologies and their purposes in psychology.

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Definitions:

Secondary Sources

Information that has been compiled, summarized, or interpreted from primary data sources, often used in research.

Screen Placement

The strategic positioning of visual elements or interfaces on a digital screen to enhance user experience and accessibility.

Product Placement

The practice of strategically positioning brands or products in various media outlets to increase visibility and influence consumers.

Brand Placement

The practice of integrating products or brands into entertainment content for advertising purposes.