Herbert Simon Noted That Managers Generally Fail to Make Rational

question 71

Multiple Choice

Herbert Simon noted that managers generally fail to make rational decisions because they are limited by their own values,skills,habits,and unconscious reflexes as well as by incomplete information.What name did Simon give this phenomenon?

• A) Decision framing
• B) Satisficing
• C) Escalation of commitment
• D) Innovation
• E) Bounded rationality

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