Question

Which of the following statements BEST describes bounded rationality?

Accepted Answer

A)  Decision makers are limited by having incomplete information as well as by their values, unconscious reflexes, skills, and habits. 
B)  Decision makers have complete information regarding the situation and all possible alternatives. 
C)  Decision makers will be able to fully anticipate the consequences of each available alternative because these consequences define the boundary. 
D)  People tend to be rational decision makers, and this fact bounds the creativeness and effectiveness of decisions. 
E)  Alternative permutations make it imperative for rational decision makers to create a bounded number of evoked alternatives. 
A)  Decision makers are limited by having incomplete information as well as by their values, unconscious reflexes, skills, and habits. 
B)  Decision makers have complete information regarding the situation and all possible alternatives. 
C)  Decision makers will be able to fully anticipate the consequences of each available alternative because these consequences define the boundary. 
D)  People tend to be rational decision makers, and this fact bounds the creativeness and effectiveness of decisions. 
E)  Alternative permutations make it imperative for rational decision makers to create a bounded number of evoked alternatives.

Which of the following statements BEST describes bounded rationality?

Managing and the Managers Job

Traditional and Contemporary Opportunitieschallenges

Understanding the Organizations Environment

Responding to the Ethical and Social Environment

Navigating the Global Environment

Basic Elements of Planning and Decision Making

Managing Strategy and Strategic Planning

Managing Start-Ups and New Ventures

Basic Elements of Organizing

Managing Organization Design

Managing Organization Change and Innovation

Managing Human Resources

Basic Elements of Individual and Interpersonal Behavior

Managing Employee Motivation and Performance

Managing Leadership and Influence Process

Managing Interpersonal Relations and Communication

Managing Work Groups and Teams

Basic Elements of Control

Managing Operations, Quality and Productivity

Filters

Exam 8: Managing Decision Making and Problem Solving

Which of the following statements BEST describes bounded rationality?

Managing and the Managers Job

Traditional and Contemporary Opportunitieschallenges

Understanding the Organizations Environment

Responding to the Ethical and Social Environment

Navigating the Global Environment

Basic Elements of Planning and Decision Making

Managing Strategy and Strategic Planning

Managing Start-Ups and New Ventures

Basic Elements of Organizing

Managing Organization Design

Managing Organization Change and Innovation

Managing Human Resources

Basic Elements of Individual and Interpersonal Behavior

Managing Employee Motivation and Performance

Managing Leadership and Influence Process

Managing Interpersonal Relations and Communication

Managing Work Groups and Teams

Basic Elements of Control

Managing Operations, Quality and Productivity

Filters