« previous next »

Author Question: What are the assumptions of rational decision making? What will be an ideal ... (Read 112 times)

Bob-Dole

  • Hero Member
  • *****
  • Posts: 547
on: Jul 6, 2018
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

  • Sr. Member
  • ****
  • Posts: 292
Reply #1 on: Jul 6, 2018
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


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question

Bob-Dole

  • Hero Member
  • *****
  • Posts: 547
Reply #2 on: Jul 6, 2018
Thank you


patma1981

  • Sr. Member
  • ****
  • Posts: 292
Reply #3 on: Jul 6, 2018
No problemo


« previous next »
 

Did you know?

In 2006, a generic antinausea drug named ondansetron was approved. It is used to stop nausea and vomiting associated with surgery, chemotherapy, and radiation therapy.

Did you know?

The average office desk has 400 times more bacteria on it than a toilet.

Did you know?

Acetaminophen (Tylenol) in overdose can seriously damage the liver. It should never be taken by people who use alcohol heavily; it can result in severe liver damage and even a condition requiring a liver transplant.

Did you know?

Aspirin is the most widely used drug in the world. It has even been recognized as such by the Guinness Book of World Records.

Did you know?

Methicillin-resistant Staphylococcus aureus or MRSA was discovered in 1961 in the United Kingdom. It if often referred to as a superbug. MRSA infections cause more deaths in the United States every year than AIDS.

Methicilli ...
Myopia (nearsightedness). In the uncorrected top figure, the image comes into focus in front of the Myopia (nearsightedness). In the uncorrected top figure, the image comes into focus in front of the
Pulse oximetry with the sensor probe applied securely, flush with skin, making sure that both sensor Pulse oximetry with the sensor probe applied securely, flush with skin, making sure that both sensor
Background Assumptions and Deeply Ingrained Assumptions Background Assumptions and Deeply Ingrained Assumptions
Use tap water when making coffee, tea, or juice from concentrate, and for food preparation Use tap water when making coffee, tea, or juice from concentrate, and for food preparation
Communication: Making Connections, 11th Communication: Making Connections, 11th
Side view of a jumping spider making a leap Side view of a jumping spider making a leap
Video: Smoking Cessation

For a complete list of videos, visit our video library