According to the administrative theory of individual decision making, people do not have the ability to process all of the information and solutions that face them, which leads them to limit their problems and solutions. This is known as:
A) satisficing.
B) uncertainty.
C) bounded rationality.
D) devil's advocacy.

Question

Quizplus · Accepted Answer

Bounded rationality refers to the idea that individuals have limitations in their decision-making abilities due to cognitive limitations and the complexity of problems they face. As a result, people tend to satisfice, meaning they choose the first acceptable solution rather than exhaustively searching for the best one. Uncertainty refers to a lack of knowledge or information about a situation, and devil's advocacy is a technique used to challenge assumptions and ideas in decision-making processes. Therefore, the best choice is C, bounded rationality.

According to the Administrative Theory of Individual Decision Making, People