The __________ decision making model assumes incomplete information and bounded rationality.
A) participative
B) classical
C) behavioral
D) delegation

Question

Quizplus · Accepted Answer

The behavioral decision-making model assumes that decision makers have limited information and that their decisions reflect cognitive biases and tendencies. The participative decision-making model involves stakeholders in the decision-making process, the classical decision-making model assumes perfect information and rational decision-making, and the delegation decision-making model involves assigning decision-making authority to others.

The __________ Decision Making Model Assumes Incomplete Information and Bounded