Multiple Choice
In the context of human compromises in decision making, which of the following statements is true of bounded rationality?
A) It occurs when a decision maker tends to select an alternative that he or she has tried before and that has delivered acceptable results.
B) It occurs when a decision maker settles for an alternative that he or she considers good enough because other limitations make finding the best alternative impossible.
C) It occurs when a decision maker relies on his or her intuition and gut instincts while analyzing alternatives instead of collecting impartial data.
D) It occurs when a decision maker assumes that everyone around sees things the way he or she does.
Correct Answer:

Verified
Correct Answer:
Verified
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