Which of the Following Is an Assumption of the Bounded

Multiple Choice

Which of the following is an assumption of the bounded rationality model?

A) Managers are aware of all the possible alternatives.
B) Managers have a consistent system of preferences, which is used to choose the best alternative.
C) Managers can calculate the probability of success for each alternative.
D) Managers develop shortcuts, called heuristics, to make decisions in order to save mental activity.