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Finance & Accounting
Pages 12 (3012 words)
The Expediency of Federal Regulations in Eliminating Corporate Financial Fraud Name of Student Name of University Date Table of Contents Introduction 3 The rational model 3 The model of bounded rationality 4 The garbage can model 7 Challenges in ethical decision making 8 Expediency of Federal Regulations in Eliminating Corporate Financial Fraud 10 Recommendations 11 Research questions 12 Quantitative Method 12 Mixed method 12 References 14 Introduction There are different theories of decision making presented by different experts…
Extract of sample
Aptness of the process of decision making is justified by the methodological fitness of the decision to the demand of the concerned situation, reliability of the evidence used for decision making, relevance of the decision to context, transparency in the findings and the extent up to which consensus reached within the decision making individuals. In this paper the mixed method of research has been compared with quantitative and qualitative methods of research. Result of this comparison has been used to study the different models of decision making and the most preferred method of research has been described (Baba & HakemZadeh, 2012). The rational model The neoclassical theory of microeconomics is based on the assumption that man is a rational economic agent and is an informed decision-maker. This process shows involves four different steps, intelligence, design, choice and review. Intelligence of an individual or an organization helps them to find the appropriate occasions for decision making. Design of the decision making process allows them to invent new ways and analyze all the probable ways to choose the course of action. ...
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