« previous next »

Author Question: A synonym for the word satisfice is maximize. Indicate whether the statement is true or ... (Read 58 times)

DelorasTo

  • Hero Member
  • *****
  • Posts: 548
on: Jul 6, 2018
A synonym for the word satisfice is maximize.
 
  Indicate whether the statement is true or false.

Question 2

The expression throwing good money after bad is an example of an escalation of commitment.
 
  Indicate whether the statement is true or false.
Fundamentals of Management: Essential Concepts and Applications ¦ Robbins, Coulter, De Cenzo ¦ 10th Edition
Buy Test-Bank


kiamars2010

  • Sr. Member
  • ****
  • Posts: 341
Reply #1 on: Jul 6, 2018
Answer to Question 1

Answer: FALSE
Explanation: The words satisfice and maximize are opposites rather than synonyms. When a manager does not have enough information to maximize, or find the best possible solution to a problem, he or she must compromise, or satisfice. When you satisfice, you accept not the best solution, but a solution that is good enough.

Answer to Question 2

Answer: TRUE
Explanation: Throwing good money after bad typically denotes a situation in which money has already been wasted on an unsuccessful venturebad money. Throwing more good money into the situation simply because of the bad money already committed is a clear example of escalation of commitment.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Elderly adults are at greatest risk of stroke and myocardial infarction and have the most to gain from prophylaxis. Patients ages 60 to 80 years with blood pressures above 160/90 mm Hg should benefit from antihypertensive treatment.

Did you know?

There are over 65,000 known species of protozoa. About 10,000 species are parasitic.

Did you know?

Pink eye is a term that refers to conjunctivitis, which is inflammation of the thin, clear membrane (conjunctiva) over the white part of the eye (sclera). It may be triggered by a virus, bacteria, or foreign body in the eye. Antibiotic eye drops alleviate bacterial conjunctivitis, and antihistamine allergy pills or eye drops help control allergic conjunctivitis symptoms.

Did you know?

Colchicine is a highly poisonous alkaloid originally extracted from a type of saffron plant that is used mainly to treat gout.

Did you know?

Throughout history, plants containing cardiac steroids have been used as heart drugs and as poisons (e.g., in arrows used in combat), emetics, and diuretics.

Example of Reconciling a Bank Statement Cont. Example of Reconciling a Bank Statement Cont.
Which is TRUE about the alternation of generations cycle that is diagramed above? Which is TRUE about the alternation of generations cycle that is diagramed above?
How to solve simple percent word problems (Part 1) How to solve simple percent word problems (Part 1)
How to solve word problems with two unknowns (Question 2) How to solve word problems with two unknowns (Question 2)
Word Problems Algebra Questions Help pls Word Problems Algebra Questions Help pls
A bank statement shows a balance of $2,970.31 The check register of the account owner shows an ... A bank statement shows a balance of $2,970.31 The check register of the account owner shows an ...
Video: hGH (protein synthesis, growth and development)

For a complete list of videos, visit our video library