The three main models that managers use to make decisions are ________.
A)bounded rational,intuitive,systematic
B)rational,bounded rational,intuitive
C)intuitive,systematic,heuristic
D)rational,irrational,unbounded rational

Question

Quizplus · Accepted Answer

Rational decision making follows a specific process and is based on facts and information. Bounded rational decision making is similar to rational decision making but takes into account limits on information and time. Intuitive decision making is based on instincts and emotions rather than conscious reasoning. These three models are the most commonly used by managers when making decisions.

The Three Main Models That Managers Use to Make Decisions