Herbert Simon noted that managers generally fail to make rational ...

[oliviahorn72]

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.

[janeli1]

Answer to Question 1

B

Answer to Question 2

C

[oliviahorn72]

Thanks for the timely response, appreciate it

[bblaney]

Wow, this really help