What name is given to a prescriptive approach--asserting that managers are logical, rational individuals who make decisions that are in the best interests of the organization--that outlines how managers should make decisions?

a. Administrative model of decision making

b. Classical model of decision making

c. Political model of decision making

d. Risk propensity model of decision making

b. Classical model of decision making

Explanation:

Classical model of decision making is the best method/model of decision making.

It hinges on four basic assumptions which include:

A clearly defined problem

Eliminated uncertainty

Access to full information

Rational behavior of the decision-maker.

All these parameters cover the basics that needs to be considered before any decision is taken.

B

Explanation:

Classical model of decision making

In the classical approach, decisions are made rationally and directed toward a single and stable goal. It is used in conditions of certainty, the decision maker is fully aware of the information relating to the problem and also knows all the alternative solutions. It is an ideal way in making decisions.

There are four main assumptions behind the classical model:

First is a clearly defined problem. The decision maker has clearly set goals which is expected

Next is a certain environment. The model further suggests that the decision maker eliminates all uncertainty and there is no risk involved.

The third assumption is full information. The decision-maker has everything on his table to engage in a solution for the problem

The final assumption is rational decisions. The decision-maker is believed to always be in charge of taking theright decisions on this matter.