According to Herbert Simon, limits that "bound the areas of rationality"
meant that decisions were rational as long as they were kept within the formal structure of an organization.

Question

Quizplus · Accepted Answer

Herbert Simon's concept of "bounded rationality" suggests that decision-making is limited by the information available, cognitive limitations of the mind, and time constraints, not just the formal structure of an organization.

According to Herbert Simon, Limits That "Bound the Areas of Rationality