The rational or classical model of decision making assumes:
A)That managers tend to satisfice
B)That managers often make decisions under conditions of uncertainty
C)That a manager's ability to be rational is limited or bounded
D)That managers have all the information they need to make an optimal decision
E)That managers often do not act in the best interests of the organization

Question

Quizplus · Accepted Answer

The rational or classical model of decision making assumes that managers have all the information they need to make an optimal decision. This model assumes that decision makers are able to identify all the relevant alternatives, evaluate all the potential consequences of each alternative, and select the best course of action based on a rational analysis of all available information. However, this assumption is often unrealistic, as managers may not have access to all the information they need, or may not have the time or resources to collect and analyze all the relevant data.

The Rational or Classical Model of Decision Making Assumes