The concept of bounded rationality holds that:
A)our perception of a rational reality is bounded by nonrationality.
B)decision makers process limited and imperfect information and therefore rarely select the best choice.
C)decision makers have limited alternatives to make decisions.
D)decision makers are bound to project images of themselves as rational thinkers.
E)our realities are bounded by our own perceptions so that everyone's reality is different.

Question

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Nobel Prize-winning organizational scholar Herbert Simon argued that people engage in bounded rationality because they process limited and imperfect information and rarely select the best choice.

The Concept of Bounded Rationality Holds That