An implication of the bounded rationality models of management is that:
A. all decision making processes essentially involves dealing with a resource of unlimited reasoning power.
B. the proficiency of a decision process increases exponentially with increase in information that is used for that process.
C. the more information available to be included into the decision process, the less efficient that process will be.
D. all decision making processes are inherently perfect as human beings are rational beings.
Answer: C
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A) long-term investments B) current liabilities C) current assets D) long-term assets
Classifications of management approaches are also referred to as ______.
a. technical theories b. contingency theories c. schools of management thought d. behavioral frameworks
According to the Case: Judy Vredenburgh, CEO of Girls Inc., she advises leaders who move from profit to nonprofit organizations to use
a. a more collaborative, shared leadership style b. she recommends against using the old command and control approach, but at the same time, she believes everyone needs to be clear about goals, time lines, and who does what c. both “a” and “b” d. none of the above
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