One of the reasons managers face limits to their rationality is that they:
A)are aware of all the possible alternatives.
B)must make decisions under risk and time pressure.
C)have a consistent system of preferences.
D)calculate the probability of success for each alternative.

Question

Quizplus · Accepted Answer

Managers often have to make decisions quickly and with incomplete information, which limits their ability to be fully rational. This is because risk and time pressure can prevent thorough analysis and consideration of all possible alternatives.

One of the Reasons Managers Face Limits to Their Rationality