The __________ model of decision making is associated with satisficing, bounded rationality, and uncertainty.
A) classical
B) administrative
C) quantitative
D) rational
E) political

Question

Quizplus · Accepted Answer

The administrative model takes into account the limitations of decision makers in terms of time, information, and cognitive capacity. It assumes satisficing, or selecting the first option that meets a minimum acceptable level of performance, rather than optimizing. It acknowledges uncertainty in the decision-making process and considers the political environment and conflicting interests of stakeholders. The classical, quantitative, and rational models, on the other hand, assume full information, clear preferences, and logical reasoning.

The __________ Model of Decision Making Is Associated with Satisficing