When a Manager Chooses the First Satisfactory Alternative That Comes

question 185

Multiple Choice

When a manager chooses the first satisfactory alternative that comes to his or her attention during the decision-making process,______________ occurs.

• A)Rationalization.
• B)Intuition.
• C)Satisficing.
• D)Optimization.
• E)Utilitarianism.

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Definitions:

Amortized

The process of gradually reducing a debt through periodic payments of both principal and interest over a set period of time.

Compounded Semi-annually

Interest calculated twice a year on the initial principal and accumulated interest from previous periods.

Amortized

Gradually reducing a debt through regular payments of both principal and interest.

Compounded Monthly

The process of calculating interest on both the initial principal and the accumulated interest from previous periods on a monthly basis.