This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Herbert Simon noted that managers generally fail to make rational decisions because they are ... (Read 44 times)

oliviahorn72

  • Hero Member
  • *****
  • Posts: 579
on: Jul 21, 2018

Herbert Simon noted that managers generally fail to make rational decisions because they
  are limited by their own values, skills, habits and unconscious reflexes as well as by
  incomplete information. What name did Simon give this phenomenon?


 
 

a. Satisficing
  b. Bounded rationality
  c. Irrational decision making
  d. Goal displacement
  e. Means-end inversion



Question 2

Paul has a tendency to continue to stay in a course rather than withdrawing, even when
  evidence indicates that he will be unable to complete it successfully. This is an example of


 
 

a. bounded rationality.
  b. decision framing.
  c. escalation of commitment.
  d. satisficing.
  e. none of these.



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

janeli1

  • Sr. Member
  • ****
  • Posts: 330
Reply #1 on: Jul 21, 2018
Answer to Question 1

B

Answer to Question 2

C


oliviahorn72

  • Member
  • Posts: 579
Reply 2 on: Jul 21, 2018
Great answer, keep it coming :)

bitingbit

  • Member
  • Posts: 323
Reply 3 on: Yesterday
Gracias!

« previous next »
 

Did you know?

According to the National Institute of Environmental Health Sciences, lung disease is the third leading killer in the United States, responsible for one in seven deaths. It is the leading cause of death among infants under the age of one year.

Did you know?

Individuals are never “cured” of addictions. Instead, they learn how to manage their disease to lead healthy, balanced lives.

Did you know?

The types of cancer that alpha interferons are used to treat include hairy cell leukemia, melanoma, follicular non-Hodgkin's lymphoma, and AIDS-related Kaposi's sarcoma.

Did you know?

Urine turns bright yellow if larger than normal amounts of certain substances are consumed; one of these substances is asparagus.

Did you know?

Your skin wrinkles if you stay in the bathtub a long time because the outermost layer of skin (which consists of dead keratin) swells when it absorbs water. It is tightly attached to the skin below it, so it compensates for the increased area by wrinkling. This happens to the hands and feet because they have the thickest layer of dead keratin cells.

Map distances are generally additive Map distances are generally additive
Booker T. Washington in his office at Tuskegee Institute, 1900. Washington chose a policy of accommo Booker T. Washington in his office at Tuskegee Institute, 1900. Washington chose a policy of accommo
About George Herbert Mead About George Herbert Mead
Should Parents Make Their Own Baby Food? Should Parents Make Their Own Baby Food?
How Many Triangles Can You Make Using the Letter M and 3 Straight Lines? How Many Triangles Can You Make Using the Letter M and 3 Straight Lines?
The "Yes - Markets Self-Adjust" and "No - Markets Fail Often" camps agree The "Yes - Markets Self-Adjust" and "No - Markets Fail Often" camps agree
Video: Regulation of GFR: three methods, autoregulation & autoregulation via myogenic mechanism

For a complete list of videos, visit our video library