Question: Managers often seek the best alternative decision that is available but not optimal. This is best described as rational decision - haking irrational decision -

Managers often seek the best alternative decision that is available but not optimal. This is best described as
rational decision-haking
irrational decision-making
intuition
bounded rationality and satisficing
Managers often seek the best alternative decision that is available but

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!

Q:

The Tokyo Olympics After watching How the Tokyo Olympics Became the Most Expensive Summer Game Ever video answer the following questions. * * The numbers can be made up . I just need help with an...

Q:

Please help with the assigned discussion. The hyperlinks are attached. MY COMPANY IS WALMART Assigned Discussions: 1. Develop and explain a recommended corporate strategy for the selected company....

Q:

In the journal article written by Saraniemi and Klyanen (2010). Journal of Travel Research 50(2) 133-143 2011 SAGE Publications Reprints and permission: sagepub.com/journalsPermissions.nav DOI:...

Q:

Read scenario and complete the following questions. use the articles at the end for relevant resources Case Scenario A 67 year old patient was admitted to the Neurological Intensive Care Unit...

Q:

This paper should include 3-5 pages of content with an additional cover and reference page. This is a total of 5-7 pages. Please be aware that a properly formatted page will include approximately 350...

Q:

Management must understand what needs to change. A culture of performance excellence is very different from a traditional management culture. Many traditional practices stem from the fundamental...

Q:

REVISION QUESTIONS MULTIPLE CHOICE. Choose the one alternative that best completes the statement or answers the question. 1) Which of the following is a generic term that covers a broad range of...

Q:

I have attached the case study and the rubric for this. can I get help here to organzie an answer? CATERPILLAR, INC: THE IMPACT OF DECISION BIASES AND RISK ON CAPITAL BUDGETING Timothy D. West...

Q:

N A S TIO I C VE A N T I IZ O E T N R C A TI O PE G CA E S R NI H R T E O U P OR M 2 F OM E R T P C A L C H A L LEARNING OBJECTIVES After studying this chapter, you will be able to answer several...

Q:

This text was adapted by The Saylor Foundation under a Creative Commons Attribution-NonCommercial-ShareAlike 3.0 License without attribution as requested by the work's original creator or licensee. 1...

Q:

Criteria Exemplary 6 points Accomplishe d 4.8 points Developing 3.6 points Beginning Minimum Below Standards 2.4 points 1.2 points Formulated, wrote, interpreted, argued, and evaluated...

Q:

Walmart, Inc has many tractor-trailer trucks. In a sample of 50 trucks, it was found that the mean weight is 78,500 pounds. It is known that the population standard deviation is 1,700 pounds. Which...

Q:

Write a description of the concepts, the significance of the concepts to practice in general, and what kinds of organizational issues/problems might be resolved through successful implementation of...

Q:

What best describes the distinction between an audit report and audit opinion? A The audit opinion contains the auditors' official report The audit report is the official record; most do not care...

Q:

-/1 View Policies Current Attempt in Progress The following amortization and interest schedule reflects the issuance of 10-year bonds by Bridgeport Corporation on January 1, 2014, and the subsequent...