Simon Suggested That One Could Learn About Human Decision Making

question 31

Multiple Choice

Simon suggested that one could learn about human decision making by noting how the _____ in which decisions were made could allow for simplifications in adaptive decision making.

• A) emotional state
• B) environment
• C) social situation
• D) time frame

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Definitions:

Capabilities

The combination of skills, resources, and abilities that an organization possesses to perform its functions effectively.

External Environmental Supply

Pertains to the external sourcing of resources or inputs that a company needs from its external environment to operate effectively.

Human Capital

The collective skills, knowledge, or other intangible assets of individuals that can be used to create economic value for the individuals, their employers, or the community.

Management Inventories

Tools or databases that track managerial skills and capabilities within an organization to aid in strategic planning and deployment.