Ask Question
BusinessBusiness
23 January, 09:22

The rational approach views decision making as a completely rational process in which goals are established, a problem is identified, alternatives are generated and evaluated, a choice is made and implemented, and control is exercised. True or false?

+5
Answers (2)
  1. 23 January, 10:39
    0
    True

    Explanation:

    Base on the scenario been described in the question, is true that rational approach view decision making as a completely rational process in which goals are established, a problem is identified, alternatives are generated and evaluated, a choice is made and implemented, and control is exercised, also rational approach is decision making is a multi-step process, from problem determination through profound solution, for making logically sound decisions.
  2. 23 January, 13:04
    0
    True

    Explanation:

    The model of rational decision making suggests that any decision maker has complete information about alternatives; has the time, cognitive ability and resources to analyze or evaluate choices amongst others.

    The rational approach views decision making as a completely rational process in which goals are established, a problem is identified, alternatives are generated and evaluated, a choice is made and implemented, and control is exercised.
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “The rational approach views decision making as a completely rational process in which goals are established, a problem is identified, ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
What is the difference is between saving and investing?
Answers (2)
Flexibility in the workplace can create:A. A sense of alienation where there is no sense of connection or loyalty between the employer and employee. B. Greater competitiveness and profitability. C. A deep bond between the employee and employer. D.
Answers (1)
Great Lakes Packing has two bond issues outstanding. The first issue has a coupon rate of 3.50 percent, a par value of $1,000 per bond, matures in 8 years, has a total face value of $3.6 million, and is quoted at 109 percent of face value.
Answers (1)
1. An economy is initially at full employment, but a decrease in planned investment spending (a component of autonomous expenditure) pushes the economy into recession. Assume the mpc of this economy is 0.75 and that the multiplier is 4. a.
Answers (1)
Homestead crafts, a distributor of handmade gifts, operates out of owner emma finn's house. at the end of the current period, emma reports she has: 1,300 units (products) in her basement, 20 of which were damaged by water and cannot be sold.
Answers (1)
New Questions in Business
Henderson's is an all-equity firm that has 135,000 shares of stock outstanding. Neal, the financial vice-president, is considering borrowing $220,000 at 7.25 percent interest to repurchase 20,000 shares.
Answers (1)
What's joint venture?
Answers (1)
Which statement is false? A) Land is the primary factor of production used in the production of all goods and services. B) An entrepreneur combines all the factors of production. C) Growth in the economy shifts the PPC left.
Answers (1)
A short-run phillips curve shows an inverse relationship between
Answers (1)
Which of the following types of business usually has the fastest inventory turnover? furniture store hardware store store that sells consumer electronics grocery store
Answers (2)
Home » Business » The rational approach views decision making as a completely rational process in which goals are established, a problem is identified, alternatives are generated and evaluated, a choice is made and implemented, and control is exercised.
Sign Up Forgot Password?