What are the assumptions of rational decision making? What ...

[Bob-Dole]

What are the assumptions of rational decision making?
 
  What will be an ideal response?

Question 2

Nordstrom encourages their employees to improvise to deliver superior customer service in changing conditions and to use good judgment. Nordstrom has chosen a
 
  A) low degree of formalization.
  B) high degree of formalization.
  C) small span of control.
  D) large span of control.

[patma1981]

Answer to Question 1

The assumptions of rational decision making are as follows:
 The problem is clear and unambiguous.
 There is a single, well-defined goal that all parties agree to.
 Full information is available.
 All the alternatives and their consequences are known.
 The decision preferences are clear.
 The decision preferences are constant and stable over time.
 There is no time and cost constraints affecting the decision.
 The decision solution will maximize the economic payoff.

Answer to Question 2

A

[Bob-Dole]

Thank you

[patma1981]

No problemo