Herbert Simon Has Concluded That Decision Making in Industry Is

question 186

Multiple Choice

Herbert Simon has concluded that decision making in industry is often best described as

• A)optimizing behavior.
• B)profit maximizing.
• C)satisficing.
• D)saturating.

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Definitions:

Natural Rights

Basic rights that are believed to be granted to all people by nature or God and are not dependent on laws or governments.

Republican Citizen

Refers to an individual who actively participates in public life and governance in accordance with principles of republicanism, emphasizing liberty and civic virtue.

Legal Authority

The right and power to enforce laws, exact obedience, or make decisions and judgments.

Deeds

Legal documents representing the ownership of property or legal rights.