The assumption that managers make consistent, value-maximizing choices within specified constraints is known as which of the following?
A) rational decision-making
B) unbounded rationality
C) organized decision-making
D) optimal decision-making
E) objective rationality

Question

Quizplus · Accepted Answer

Rational decision-making assumes that managers make consistent, value-maximizing choices within specified constraints. This approach is based on the belief that managers gather and evaluate all relevant information before making a decision, identify all possible alternatives, and select the alternative that maximizes the expected value or benefit. This approach is widely used in organizations to make strategic and operational decisions.

The Assumption That Managers Make Consistent, Value-Maximizing Choices Within Specified