According to Simon's bounded rationality, which of the following factors prevents decision makers from being truly rational?
A)They have complete information about alternatives and consequences.
B)The problems they face are too simple.
C)Human beings are not exposed to very much information.
D)People have too much time on their hands.
E)People, including those in the same organization, have conflicting goals.

Question

Quizplus · Accepted Answer

According to Simon's bounded rationality, decision makers cannot be truly rational because (1) they have imperfect, incomplete information about alternatives and consequences; (2) the problems they face are so complex; (3) human beings simply cannot process all the information to which they are exposed; (4) there is not enough time to process all relevant information fully; and (5) people, including managers within the same firm, have conflicting goals.

According to Simon's Bounded Rationality, Which of the Following Factors