Which of the following statements is true regarding the rational decision-making model?
A) The rational decision-making model takes into consideration the limited information-processing capability of individuals.
B) Rational decision-making models involve constructing simplified models that extract the essential features from problems without capturing all their complexity.
C) The rational decision-making model involves satisficing; seek solutions that are satisfactory and sufficient.
D) The rational decision-making model assumes that an individual is able to identify all the relevant options in an unbiased manner.
E) The rational decision-making process is an unconscious one created from distilled experience.

Question

Quizplus · Accepted Answer

The rational decision-making model assumes that an individual is able to identify all the relevant options in an unbiased manner. The model assumes that the decision-maker has access to all the information needed to make an informed decision and can identify and evaluate alternative solutions in an impartial and rational manner. However, this assumption may not always hold true in reality.

Which of the Following Statements Is True Regarding the Rational