The _____ Decision Model Is a Prescriptive Approach That Tells

question 93

Multiple Choice

The _____ decision model is a prescriptive approach that tells managers how they should make decisions; it assumes that managers are logical and rational and that their decisions will be in the organization's best interests.

• A) behavioral
• B) classical
• C) administrative
• D) bureaucratic
• E) probabilistic

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Definitions:

Consumer Price Index (CPI)

Measurement of the monthly average change in prices of goods and services.

Energy And Food Prices

The costs associated with obtaining and consuming energy resources and food commodities, which can significantly impact economic conditions and living standards.

Economic Depression

A prolonged period of significant decline in economic activity across an economy, characterized by high unemployment rates, low output, and a contraction in spending and investment.