Identify the assumptions of the rational decision-making model. Do these hold true in most situations?
What will be an ideal response?
The assumptions are:
1. There is complete information and no uncertainty.
2. Logical and unemotional analysis is possible.
3. The best decision for the organization will be chosen.
The assumptions may not hold true in most situations. According to the research by Herbert Simon, managers cannot truly act logically because of bounded rationality. Constraints include complexity, time, cognitive capacity, and imperfect or too much information, among others.
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Many companies maintain ________, which are internal corporate computer networks that use Internet technology to link company departments, employees, and databases
A) Web sites B) search engines C) extranets D) intranets E) private exchanges
What is the name of a lawsuit to evict a tenant?
a. Unlawful detainer b. Eviction c. Lease d. Foreclosure
Differentiate between programmed and nonprogrammed decisions. Which type is more typical for managerial decisions?
What will be an ideal response?
The only court actually provided for by name in the U.S. Constitution is
a. the U.S. Supreme Court. b. the Court of International Trade. c. small claims court. d. commercial claims court.