Melissa is a manager at InStylez Clothing. Her job is very complex and she feels that she does not have enough time to identify and/or process all the information she needs to make decisions. Melissa's situation is most consistent with which of the following concepts?

Question

Quizplus · Accepted Answer

Melissa's situation is consistent with bounded rationality, which refers to the idea that managers have limited information processing capabilities and must therefore make decisions based on incomplete information. This often leads to satisficing or choosing a solution that is "good enough" rather than the optimal solution. The classical model of decision making assumes that managers have unlimited information processing capabilities, which is not the case here. Brainstorming and scientific management are not relevant to Melissa's situation.

Melissa Is a Manager at InStylez Clothing