The bounded rationality model assumes that managers:
A)select the alternative that is rational.
B)always select the best possible alternative.
C)recognize that their conception of the world is complex.
D)are comfortable making decisions without identifying all the options.

Question

The bounded rationality model assumes that managers:​
A)​select the alternative that is rational.
B)always select the best possible alternative.​
C)recognize that their conception of the world is complex.​
D)are comfortable making decisions without identifying all the options.​

Quizplus · Accepted Answer

The bounded rationality model assumes that managers are not always able to identify and evaluate all possible alternatives due to time and resource constraints. Therefore, they may make decisions without considering all available options, opting instead for a satisfactory solution that meets their basic requirements.

The Bounded Rationality Model Assumes That Managers:​

The Bounded Rationality Model Assumes That Managers: