A CEO does not want to enter a lucrative market in an unstable country because he or she does not know how political forces and economic forces will affect his or her company's future business. This is an example of:
A)opportunism.
B)a competitive interdependency.
C)a symbiotic interdependency.
D)bounded rationality.

Question

Quizplus · Accepted Answer

Bounded rationality refers to the limitations on decision-making caused by the lack of information or the inability to process all available information. In this scenario, the CEO's decision is influenced by the uncertainty and complexity of political and economic forces in the unstable country, which limits their ability to make a fully informed decision.

A CEO Does Not Want to Enter a Lucrative Market