I quite agree that managers are unable to make perfectly rational decisions because when making decisions, they typically have incomplete information and can't predict the outcome of their decisions.
- According to Herbert Simon, decisions are made at every level in the organization, and that the decisions affect the output and the prices of goods in the market.
- He further stated that for an individual to make a decision, he must choose between the different alternatives that he has.
- He further questioned the ability of managers to make rational decisions that are considered perfect as he stated that when a manager makes a decision, there are different alternatives that the manager could have chosen from and that the manager may not know if the other alternatives would have been better off.
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Answer:
B. Class tensions will lead to the end of market economies.
Explanation:
According to the Marxists theory, the tension between the capitalist and the working class gives birth to the class conflict in the society. It is tension that is created as the result of the exploitation and conflict between the two. This conflict further would initiate a revolution among the working class that would turn the capitalist class upside down. The exploitation faced by the working class by the capitalists is the major force that would turn them to be rebellious.
The answer is A, there are 6 career fields
Departmental income can be considered the contribution of revenues to profits because it is computed after deducting the direct costs of providing the service or product. Subtracting all of the undistributed operating expenses from total revenues results in gross operating profit per available room (GOPPAR).
