Rita, a Manager at Aldens Department Store, Needed to Purchase

question 31

Multiple Choice

Rita, a manager at Aldens Department Store, needed to purchase a new secure display case for the jewelry department. She wanted one that was high in quality and security, yet low in price. After evaluating the options, she chooses a case that is neither the highest quality available nor the lowest in price available, but has a good combination of attributes. In this case, Rita's choice best illustrates _____.

• A)the garbage can model
• B)satisficing
• C)optimizing
• D)the coalitional model
• E)bounded rationality

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Definitions:

Enterprise Resource Planning

A type of software that organizations use to manage day-to-day business activities such as accounting, procurement, project management, and manufacturing.

Human Resource Management

A function in organizations designed to maximize employee performance in service of an employer's strategic objectives.

Accounting Sales

The recorded revenue from goods or services sold or provided to customers, reflecting income generated by a business.

Subsidiary Ledger

A detailed ledger that contains all the transaction information of a specific account, which then summarizes to a general ledger.