Author Question: Describe the rational-economic model of decision making. Why is this approach unrealistic? What ... (Read 28 times)

tingc95 · **on:** Jul 7, 2018

Describe the rational-economic model of decision making. Why is this approach unrealistic?

What will be an ideal response?

Question 2

Face-to-face talks, telephone conversations, letters, and e-mail messages are classified as

A) planned communication. B) workplace communication. C) verbal communication. D) informal communication.

zogaridan · **Reply #1 on:** Jul 7, 2018

Answer to Question 1

The rational-economic approach examines and evaluates all possible alternatives to reach an optimal decision. This model assumes that people have access to complete and perfect information and use it to make perfect decisions. However, decision makers rarely, if ever, have complete and perfect information or the time to evaluate it. The administration model, including the concepts of bounded rationality and satisficing, recognizes that people generally do not act in a completely rational-economic manner.

Answer to Question 2

C