One factor in the sum of bounded rationality in decision making is the result of ______.
A) organizational factors
B) unlimited time to decide
C) rational thinking
D) unlimited alternatives

Question

Quizplus · Accepted Answer

Organizational factors, such as limited resources, information overload, and hierarchical structures, can limit an individual's ability to make completely rational decisions. Therefore, organizational factors contribute to the sum of bounded rationality in decision making. Choice B is incorrect because unlimited time may not necessarily lead to more rational decisions if the individual lacks information or is influenced by biased thinking. Choice C is incorrect because rational thinking does not guarantee completely optimal decisions due to cognitive limitations. Choice D is incorrect because too many alternatives can also lead to decision paralysis rather than improved decision making.

One Factor in the Sum of Bounded Rationality in Decision