Question: Answer the following questions: Define decision-making.Explain three reasons why managers often make satisficing (good enough) decisions rather than rational optimal (maximizing) decisions.Provide examples of each
Answer the following questions:
- Define decision-making.Explain three reasons why managers often make satisficing (good enough) decisions rather than rational optimal (maximizing) decisions.Provide examples of each of the three reasons to illustrate your answer.
- Four dimensions of authority in organizations are (1) chain of command; (2) line versus staff authority; (3) delegation of authority; (4) degree of centralization. Explain three of these dimensions to show their links to authority. Use examples to support your explanations.
- One focus of the HRM process is to attract qualified employees. Using your knowledge of recruitment and selection processes explain how each process is used to attract qualified employees.
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