Which Model of Decision Making Is Associated with Satisficing, Bounded

question 79

Multiple Choice

Which model of decision making is associated with satisficing, bounded rationality, and uncertainty?

• A) classical
• B) administrative
• C) quantitative
• D) rational
• E) political

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Definitions:

Outsourcing

The business practice of hiring a party outside a company to perform services or create goods that traditionally were performed in-house by the company's own employees.

Benefits Vendors

Companies or service providers that offer and manage benefits such as health insurance, retirement plans, and other perks for employees on behalf of employers.

Benefits Costs

The expenses incurred by an organization in providing non-wage compensations such as health insurance, pensions, and paid leave to its employees.

United States

A country located primarily in North America, comprised of 50 states, known for its significant influence on global culture, politics, and economy.