Which one of the following is true about the definition of bounded rationality?
A)Managers rely on their inborn ability to synthesize information quickly and effectively.
B)Managers have access to complete and accurate information for making a decision.
C)Managers adhere to rules of thumb when making decisions.
D)Statistical probabilities can be attributed to alternative potential outcomes.
E)Managers do not always have access to the resources required to make rational decisions.

Question

Quizplus · Accepted Answer

The Answer of Which one of the following is true about the definition of bounded rationality?
A)Managers rely on their inborn ability to synthesize information quickly and effectively.
B)Managers have access to complete and accurate information for making a decision.
C)Managers adhere to rules of thumb when making decisions.
D)Statistical probabilities can be attributed to alternative potential outcomes.
E)Managers do not always have access to the resources required to make rational decisions.

Which One of the Following Is True About the Definition