What are traits of an economic man? - ANSWER Makes decision in rational
manner
Has complete knowledge of situation
Has complete list of possible alternatives
Has rational system of ordering preferences of alternatives
Selects the decision that will maximize utility function
What are the traits of an administrative man? - ANSWER Makes decision that
are good enough
Knowledge is always fragmented
Impossible to predict consequences of alternatives
Usually chooses from among a few alternatives, not all possible ones
The final choice is "Satisficing" rather than maximizing
Does the adminstrative man make satisficing or optimal decisions? -
ANSWER satisficing
,Does the economic man make satisfying or optimal decisions? - ANSWER
optimal
Satisficing - ANSWER choosing a "good enough" alternative
Optimizing - ANSWER achieving the best possible balance among several
goals
critical thinking - ANSWER The mental process of actively and skillfully
conceptualizing, applying, analyzing, synthesizing, and evaluating
information to reach an answer or conclusion
PICOT - ANSWER Population
Intervention
Comparison
Outcome
Time
Heuristic Problem Solving - ANSWER any approach to problem-solving,
learning, or discovery that employs a practical method not guaranteed to be
, optimal or perfect, but sufficient for the immediate goals
Exmaples of heuristic problem solving - ANSWER Trial and error, Theory and
hunch, Past experiences/life experiences/intuition, self solving
authoritarian leader - ANSWER an individual who leads by giving orders and
is sole decider
democratic leader - ANSWER a leader who encourages group participation
and consensus-building before moving into action
laisez-faire leadership - ANSWER little direction/control
Bureaucratic Leadership - ANSWER leadership based upon fixed official
duties under a hierarchy of authority
Fayol's functions of management - ANSWER 1. Planning
2. Organizing
3. Directing
4. Staffing
5. Controlling
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller Newsolution. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $10.99. You're not tied to anything after your purchase.