Makena is looking to go to university for journalism but she knows she will have to pick a school without being able to research every single choice. What kind of decision is she making?
A) limited capacity
B) limited rationality
C) bounded rationality
D) bounded capacity

Question

Quizplus · Accepted Answer

Makena is facing bounded rationality, which means she has limited information and time to make a decision. She can't research every single university, so she will have to choose based on a limited set of criteria and information. Therefore, the best choice is C, bounded rationality.

Makena Is Looking to Go to University for Journalism but She