According to Herbert Simon,what Type of Optimizer Should Humans Be

question 38

Multiple Choice

According to Herbert Simon,what type of optimizer should humans be viewed as

• A)maximizers
• B)rationalizer
• C)minimizers
• D)satisficers

---

Definitions:

Cost of Goods Manufactured

The cost of goods manufactured is the total cost of producing products during a specific period, including materials, labor, and overhead.

Overapplied Manufacturing Overhead

An instance where overhead costs budgeted for manufacturing surpass the real expenses incurred.

Underapplied Manufacturing Overhead

Refers to the situation where the actual manufacturing overhead costs are higher than the overhead costs allocated to products during a specific period.

Finished Goods Inventory

Represents the stock of completed products that are ready to be sold to customers.