Which of the following is not a true statement about the bounded- rational decision making?
A)The first alternative that meets the "good enough" criterion ends the search.
B)The list of criteria will likely be far from exhaustive.
C)The review of alternatives will be comprehensive.
D)Once a problem is identified,the search for criteria and alternatives begins.

Question

Quizplus · Accepted Answer

Bounded-rational decision making does not necessarily involve a comprehensive review of alternatives. Rather, decision makers are likely to consider a limited set of alternatives that meet the "good enough" criterion.

Which of the Following Is Not a True Statement About