In their critique of rational man economic theory, March and Simon argue that much of human behavior
Question:
In their critique of “rational man” economic theory, March and Simon argue that much of human behavior can be explained by the desire to “satisfice.” What does the term “satisfice” mean in this context?
a) All individuals strive for the greatest pleasure and the least amount of pain.
b) Given the fact that individuals have limited information and restricted ability to process what is available, they often choose the very first option that seems good enough when making a decision.
c) Becoming a clear and unbiased thinker allows one to understand the universal reason, which is the first step taking control of one’s life.
d) All individuals at some level rely on the artistic side of their personality—their love of artifice —when developing a satisfactory solution to a problem.
When faced with restructuring (interpreted according to the structural frame), the various sectors of an organization often have competing agendas that try to pull the restructuring effort in a particular direction. What tends to be the top priority of the technostructure agenda in a restructuring initiative? (This question belongs to the structural frame)
a) Greater standardization
b) Greater collaboration
c) Greater centralization
d) More autonomy
Smith and Roberson Business Law
ISBN: 978-0538473637
15th Edition
Authors: Richard A. Mann, Barry S. Roberts