Multiple Choice
Which of the following statements BEST describes bounded rationality?
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.
Correct Answer:

Verified
Correct Answer:
Verified
Q36: Match the following.You may use a response
Q37: The first step in using the Delphi
Q38: Match the following.You may use a response
Q39: Which of the following statements does NOT
Q40: The CEO of a company decided to
Q42: Special Exercises<br>Mark whether the following decisions are
Q43: YouTube was operating at a loss when
Q44: Airlines increased prices for last minute tickets
Q45: Under what conditions is it better to
Q46: When Canine Companions for Independence trainers teach