When a leader makes a decision that is imperfectly rational, the concept is called
A) historical experience.
B) intentional bias.
C) bounded rationality.
D) cognitive dissonance.

Question

Quizplus · Accepted Answer

Bounded rationality refers to the concept that leaders have cognitive limitations and can only make decisions based on the information they have available to them at the time, which may not always be complete or accurate. This can result in imperfectly rational decisions.

When a Leader Makes a Decision That Is Imperfectly Rational