For His Work in Developing the Administrative Model to Describe

question 91

Multiple Choice

For his work in developing the administrative model to describe how managers make decisions in the real world, Herbert Simon won the Nobel Prize in _____.

• A) Medicine
• B) Economics
• C) Peace
• D) Psychology
• E) Management

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Definitions:

Ending Inventory

The value of goods available for sale at the end of an accounting period, calculated before the next period's inventory is added.

Debt to Total Assets

A financial ratio that measures the percentage of a company's assets financed through debt.

Liquidity

The measure of how easily an asset can be converted into cash without affecting its market price.

Asset Management

The process of developing, operating, maintaining, and selling assets in a cost-effective manner.