When the goal of the decision making exercise is to make a satisfactory decision with time,you should utilize
A)the rational decision-making model.
B)the intuitive decision-making model.
C)the bounded rationality decision-making model.
D)the creative decision-making model.

Question

Quizplus · Accepted Answer

When the goal of the decision-making exercise is to make a satisfactory decision within a limited timeframe, utilizing the bounded rationality decision-making model is the best option. This model acknowledges that individuals have cognitive limitations that prevent them from processing all available information and alternatives, and therefore they make decisions that are satisfactory, rather than optimal. This decision-making model assumes that individuals generally rely on intuition and heuristics to simplify complex decision-making processes.

When the Goal of the Decision Making Exercise Is to Make