When a Manager Makes a Decision in Spite of Having

question 119

Multiple Choice

When a manager makes a decision in spite of having imperfect information,this is known as

• A) satisficing.
• B) using the rational model of decision making.
• C) using the behavioral model of decision making.
• D) decision specialization.
• E) bounded rationality.

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Definitions:

Generate

To bring into existence; to produce or create something, especially by a process of thought or imagination.

Sequence

An ordered list or arrangement where items are consecutively positioned based on certain criteria.

Modus Ponens

A form of logical argument where a premise, if true, inevitably leads to a particular conclusion.

Modus Tollens

A logical argument form where if the consequent is not true, then the antecedent cannot be true; often formatted as "If P, then Q. Not Q, therefore not P."