The Administrative Model of Decision Making Assumes That Managers Are

question 10

Multiple Choice

The administrative model of decision making assumes that managers are imperfect.This means that managers

• A)are stupid.
• B)lack training and education.
• C)suffer from human biases.
• D)don't care about decision outcomes.
• E)fail to understand the decision making process.

Identify the factors involved in the manufacturing process and how they are integrated to produce goods.

Understand the flexibility and differences in practices between financial and managerial accounting, including the importance of timeliness and relevance of information.

Understand the importance of defining objectives before composing a message.

Recognize the differences in communication mediums and how they affect message delivery.

---

Definitions:

Increasing

Describes a situation or quantity that is growing or becoming larger in size, value, or intensity over a period of time.

Consumption

The act of using goods and services to satisfy human desires, which plays a central role in economic theories and the measurement of economic health.

Income

The financial gain received by an individual or organization, usually through work, investments, or business operations.

Vertical Axis

The y-axis on a graph or chart, representing the variable that is measured in terms of the quantity, cost, or some other metric.