Jane Burns needed help. Her insurance company's rapid growth was necessitating making some changes, but what changes? Should she add to the existing system? Buy a new system? She was given the responsibility of analyzing the company's information system and deciding what the company should do. She was confused and needed help in making the correct decision.
-Because Jane cannot gather all the information needed nor can she determine all available alternatives, she bases her decision on a simplified model, which will help her make a decision that is good enough. Jane is operating under what model of decision making?
A) Perfect rationality.
B) Bounded rationality.
C) Marginal analysis.
D) Rationalized decision process.
Correct Answer:
Verified
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