The ________ assumes that people usually settle for acceptable rather than maximum options because the decisions they confront typically demand greater information-processing capabilities than they possess.
A) retrospective decision model
B) administrative model
C) rational model
D) implicit favorite model

Question

Quizplus · Accepted Answer

The administrative model assumes that people settle for acceptable rather than maximum options because the decisions they confront typically demand greater information-processing capabilities than they possess. This model acknowledges that decision-makers have limited time, information, and cognitive resources, and that they often rely on shortcuts, intuitive judgments, and satisficing strategies to make decisions.

The ________ Assumes That People Usually Settle for Acceptable Rather