________ is the idea that proposes that the ability of decision makers to be rational is limited by numerous constraints, such as complexity, time, cognitive capacity, values, skills, habits, and unconscious reflexes.
A) Rational decision making
B) MBO
C) Nonrational decision making
D) Analytics
E) Bounded rationality

Question

Quizplus · Accepted Answer

Bounded rationality is the idea that decision makers may not always be fully rational in their decision making due to various limitations they face. These limitations may include cognitive limitations, lack of information, or time constraints. Therefore, decision makers may make nonrational decisions, which are still practical and reasonable, given the circumstances they face.

________ Is the Idea That Proposes That the Ability of Decision