________ First Proposed That All Managers Perform Five Functions: Planning,organizing,commanding,coordinating,and

question 65

Multiple Choice

________ first proposed that all managers perform five functions: planning,organizing,commanding,coordinating,and controlling.

• A)Guy Laliberté
• B)Peter Drucker
• C)Henri Fayol
• D)Henry Mintzberg

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Definitions:

Maximizing

The strategy of seeking the best possible outcome or the highest possible utility when making a decision.

Availability Heuristic

A cognitive bias that causes people to overestimate the probability of events associated with memorable or vivid examples.

Satisficing

A decision-making strategy that entails selecting the first option that meets a minimum set of criteria, rather than optimizing.

Heuristic

Cognitive shortcuts or rules of thumb that simplify decision making, often at the expense of accuracy or completeness.