Asked by Casey Hamilton on Jun 13, 2024
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The ___ describes decision making with complete information, where the manager faces a clearly defined problem and knows all possible action alternatives as well as their consequences.
A) classical decision model.
B) administrative decision model.
C) behavioural decision model.
D) bounded rationality decision model.
E) political decision model.
Classical Decision Model
A theoretical model suggesting that decision-making is a rational process where the best choice is made based on a thorough analysis of alternatives and their outcomes.
Complete Information
Having all necessary and relevant data available to make informed decisions or to fully understand a situation.
Clearly Defined Problem
A problem that has been thoroughly understood and articulated, including its scope and boundaries.
- Comprehend the classical and behavioral models of decision-making.
Verified Answer
Learning Objectives
- Comprehend the classical and behavioral models of decision-making.
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