The Three Main Models That Managers Use to Make Decisions

question 89

Multiple Choice

The three main models that managers use to make decisions are ________.

• A)rational, bounded rational, and intuitive
• B)rational, irrational, and bounded rational
• C)intuitive, unintuitive, and rational
• D)bounded rational, intuitive, and systematic

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Definitions:

Wagner Act

Also known as the National Labor Relations Act of 1935, it is a foundational statute of US labor law that guarantees the right of private sector employees to organize into trade unions, engage in collective bargaining, and take collective action such as strikes.

Unfair Labor Practices

Actions by employers or unions that violate workers' rights or the legal rules governing labor relations.

Exclusive Representation

The legal right of a chosen union to represent all employees in a bargaining unit in negotiations with the employer, regardless of whether every employee is a union member.

Wagner Act

Another name for the National Labor Relations Act of 1935, which established the legal right for workers to join unions and engage in collective bargaining in the United States.