The Model of Decision Making That Explains How Managers Should

question 104

Multiple Choice

The model of decision making that explains how managers should make decisions,assuming managers will make logical decisions that will be the optimum in furthering the organization's best interests,is known as the ____.

• A)employee relations model
• B)focused decision-making model
• C)interpersonal-decision agenda
• D)solutions agenda
• E)rational decision-making model

Learn about the importance of understanding scheduled appointments and time management in different cultures.

Recognize the significance of correctly ending conversations in cross-cultural communications.

Develop strategies for effective multicultural message writing and intercultural communication enhancement.

Understand the impact of local expressions and slang in cross-cultural communication.

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Definitions:

Loanable Funds

The funds available for borrowing in the financial markets, consisting of savings and monies not yet invested, influencing interest rates and investment through supply and demand.

Supply And Demand

The fundamental economic model that explains how the interaction between the supply of a good or service and consumer demand determines its price.

Interest Rate

The price, in the form of a percentage based on the principal, that a borrower pays to a lender for accessing their assets.

Normal Profit

The minimum level of profit needed for a company to remain competitive in the market, essentially covering the opportunity costs of the business owner.