The __________ Model of Decision Making Describes How Managers Actually

question 165

Multiple Choice

The __________ model of decision making describes how managers actually makes decisions in situations characterized by nonprogrammed decisions, uncertainty, and ambiguity.

• A) normative
• B) classical
• C) administrative
• D) scientific management
• E) objective

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Definitions:

Uniform Trade Regulations

Agreed international rules and standards intended to simplify and harmonize global trade practices.

Global Financial Markets

The worldwide forums that exist for exchanging securities, currencies, and other financial instruments among global participants.

Domestic Markets

Markets within a country's borders that involve the buying and selling of goods and services among its residents.

United Nations

An international organization formed in 1945 to promote peace, security, and cooperation among the world's countries.