Scenario D

question 84

Multiple Choice

Scenario D. Effectively Organized, Inc. has hired a consultant to help them with organizational decision making. The consultant's first meeting is set up to describe to the managers of Effectively Organized, Inc. the models of organizational decision processes. Each of the managers seems to prefer one of the models over the others.
-The Vice President of Human Resources believes that the most important model of decision making is the one which acknowledges that decision makers cannot be truly rational.He tells the group that he sees many situations with managers who don't have enough time to process all the relevant information and who regularly face very complex problems.He seems to prefer which model of organizational decision processes?

• A)Bounded rationality
• B)Incremental model
• C)Garbage can model
• D)Coalitional model
• E)Crisis model

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Definitions:

Flexible Exchange-rate System

An exchange rate regime in which a currency's value is allowed to fluctuate according to the foreign exchange market.

European Euro

The official currency used in 19 of the 27 European Union countries, known as the Eurozone.

Rate of Exchange

The price of one country's currency expressed in terms of another country's currency, facilitating international trade and investment.

Supply and Demand Curves

Graphical representations that show the relationship between the prices of goods and services and their quantities supplied and demanded in the market.