A situation in which the number of suitable alternatives are greater than what a manager can evaluate is called _____.
A) prior-hypothesis
B) bounded rationality
C) productive blocking
D) illusion of control
E) satisficing ambiguity

Question

Quizplus · Accepted Answer

March and Simon coined the term bounded rationality to describe the situation in which the number of alternatives a manager must identify is so great and the amount of information so vast that it is difficult for the manager to even come close to evaluating it all before making a decision.

A Situation in Which the Number of Suitable Alternatives Are