Herbert A. Simon (1916-2001) introduced the concept of “bounded rationality” to the study of decision making in public administration. He held that decision makers in public organizations were “intendedly rational,” but operated within a recognizable set of constraints. His argument generated decades of discussion and debate, initiating searches for systematic methods of decision-making and a theoretical model of problem solving in public administration.

Critically discuss the main arguments for Simon’s concept of bounded rationality, and the major constraints that affect human decision-making in administrative contexts.

Maintaining traceability during requirements and subsequent activities is expensive, because of the addition information that must be captured and maintained. The followings four are the benefits of traceability that outweigh this overhead.

1. Ability to show that all requirements have been implemented.

2. Ability to show that all features in the system correspond to a requirement.

3. Ability to assess the impact of a change.

4. Ability to track the human source of a requirement.

Which of those benefits are directly beneficial to the analyst? Please write number (or numbers) which, you think, is (or are) beneficial to the analyst.

Write a short paragraph (2 to 3 sentences) with your reactions/thoughts to the following prompts:

Part 1: Technology priorities for investment banks and traders have been on front office technology, particularly order and execution management systems. Explain  

Part 2:  Customers can view the ECN order book (Central limit order book, or CLOB) via a terminal or the Internet. Explain

Part 3:  In algorithmic trading, computers directly interface with trading platforms, placing orders without immediate human intervention. Explain

1. Identify and describe the following topics and persons:
A. Systems theory and the systems metaphor in organization theory,and it's relation to contingency theory.
B. Scientific management and Frederick Taylor and Max Weber
C. The administrative Management School ( POSDCORB,"principles")
D. Hawthorne studies
E. Chester Barnard and Herbert Simon
F. Group dynamics movement
G. Human Relations School/ Abraham Maslow/ Douglas McGregor
H. Sociotechnical School ( Trust and Bamforth)
I. General idea or meaning of contingency theory

USING MATLAB: Create a BMI calculator application that reads the user’s weight in pounds and height in inches (or, if you prefer, the user’s weight in kilograms and height in meters), then calculates and displays the user’s body mass index. Also, the application should display the following information from the Department of Health and Human Services/National Institutes of Health so the user can evaluate his/her BMI:

BMI VALUES
("Underweight : Less than 18.5
Normal : between 18.5 and 24.9
Overweight : between 25 and 29.9
Obese : 30 or greater
  

Focusing on the concept of cultural relativism, do we as Americans have the right to morally judge another culture? While noting the merits of cultural relativism, do you feel there are any limits to these merits? Are all cultural values and practices equally valid? Can you imagine any acts that a group of people can do to its own members that cross the line of human decency? If so, who gets to draw the line and what should the response be? Be sure to substantiate your answer with facts and examples.

Focusing on the concept of cultural relativism, do we as Americans have the right to morally judge another culture? While noting the merits of cultural relativism, do you feel there are any limits to these merits? Are all cultural values and practices equally valid? Can you imagine any acts that a group of people can do to its own members that cross the line of human decency? If so, who gets to draw the line and what should the response be? Be sure to substantiate your answer with facts and examples.

it is easier to accept companies as corporations: focused on net assets and liabilities, matrices of price/earnings and viewed as monolithic entities/faceless bureaucracies. The challenge presented here is how to view them as communities made up of individuals, and therefore attempt to change to the organizational culture. Provide detail ways in which engineers may change the corporate climate of a company; ways in which the organizational culture may shift from a price/earning perspective to a transformational community, which includes personal commitments and allow for moral dimensions within human activities.

The world post Covid 19 has created the concept of social distancing which will impact on the way we do business. Online purchasing is expected to increase because it will reduce human interaction and contribute to the reduction of Covid 19 related illnesses. However, online purchases have created contemporary legal issues which may be a novel for most legal systems in several Caribbean Countries.

You are required to critically discuss the concept of online purchases and the various methods used in online transactions with supporting case laws.

A biotechnology firm is planning its investment strategy for future products and research labs. A poll found that 11​% of a random sample of 1047 adults approved of attempts to clone a human.

Question: Find the margin of error for this poll if we want 90​% confidence in our estimate of the percent of adults who approve of cloning humans.

ME = ____________ (round to three decimal places as needed.)

Question: Find the margin of error if we want 99% confidence in our estimate.

ME= ________ ( round to three decimal places as needed.)