One of the limitations of the classical model of decision making is that decision makers ________.
A) may not know all of the consequences of a particular alternative
B) may not prefer the decisions the model produces
C) may satisfy all of the model assumptions, follow all of the model steps, and consider all of the options and still not produce an optimal decision
D) never know what they want because of bounded rationality

Question

Quizplus · Accepted Answer

The classical model of decision making assumes that decision makers have access to all the information needed to make the best choice, but in reality, they may not know all of the consequences of a particular alternative, highlighting a limitation of the model.

One of the Limitations of the Classical Model of Decision