The assumption that managers make consistent,value-maximizing choices within specified constraints is known as which of the following?
A)rational decision making
B)unbounded rationality
C)organized decision making
D)optimal decision making

Question

Quizplus · Accepted Answer

The assumption that managers make consistent, value-maximizing choices within specified constraints is known as rational decision making. This assumes that managers have all the necessary information, and they analyze this information to identify the best solution that maximizes their value. They also consider the available options, assess the potential outcomes of each option, and select the best option that meets their objectives. This decision-making process is rational because it follows a systematic and logical approach, and it assumes that managers are rational in their decision-making process.

The Assumption That Managers Make Consistent,value-Maximizing Choices Within Specified Constraints