Which decision-making model is the most realistic in portraying the managerial decision process?
A)rational
B)garbage can
C)bounded rationality
D)incremental

Question

Quizplus · Accepted Answer

The bounded rationality model suggests that managers make decisions based on a limited set of information and are influenced by their own biases and subjective preferences. This realistically reflects the complex and uncertain nature of managerial decision-making, where the decision-makers may not have access to all the relevant information, may not have the time or resources to analyze all the alternatives, and may have to rely on their intuition, past experience, and external cues to make a choice. The other models (rational, garbage can, and incremental) are either too idealistic, unrealistic, or incomplete in their portrayal of the decision-making process.

Which Decision-Making Model Is the Most Realistic in Portraying the Managerial