Identify a true statement about the rational model of decision making.
A)It fails to reflect the reality of managerial decision making.
B)It assumes that a decision maker is not aware of all the possible alternatives.
C)It considers time constraints and limits to human knowledge in decision making.
D)It captures the realistic way of decision making.

Question

Quizplus · Accepted Answer

The rational model of decision making often fails to reflect the reality of managerial decision making because it assumes an ideal scenario where decision makers have access to all information, can process it perfectly, and can make the optimal decision, which is rarely the case in real-world situations.

Identify a True Statement About the Rational Model of Decision