The model of decision making that explains how managers should make decisions, assuming managers will make logical decisions that will be the optimum in furthering the organization's best interests, is known as the ____. For example, a manager who uses this model may be personally opposed to outsourcing jobs overseas, but she nonetheless decides to outsource customer-service operations to India because doing so is in the company's best interests.
A. employee relations model
B. focused decision-making model
C. interpersonal-decision agenda
D. solutions agenda
E. rational decision-making model
E. rational decision-making model
The rational model of decision making, also called the classical model, explains how managers should make decisions; it assumes managers will make logical decisions that will be the optimum in furthering the organization's best interests.
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In the Bretton Woods system, the only currency redeemable for gold was _____.
Fill in the blank(s) with the appropriate word(s).
The pay strategy is not influenced by how well it fits with other HR systems in the organization.
Answer the following statement true (T) or false (F)
A special warranty deed limits the warranty given out by the grantor to acts or omissions of the grantor
Indicate whether the statement is true or false
Answer the following statement(s) true (T) or false (F)
1. Smoothing methods are more appropriate for a stable time series than when significant trend or seasonal patterns are present. 2. The exponential smoothing forecast for any period is a weighted average of all the previous actual values for the time series. 3. The mean squared error is obtained by computing the average of the squared forecast errors. 4. If a time series has a significant trend pattern, then one should not use a moving average to forecast. 5. For a time series with relatively little random variability, we should use larger values of the smoothing constant to provide the advantage of allowing the forecasts to react more quickly to changing conditions.