Solved

A Process of Making Decisions by Constructing Simplified Models That

Question 6

Multiple Choice

A process of making decisions by constructing simplified models that extract the essential features from problems without capturing all their complexity is known as ________.


A) optimal decision making
B) intuitive decision making
C) bounded rationality
D) active selection
E) incremental decision making

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions