Which model of decision making is associated with satisficing, bounded rationality, and uncertainty?
A) classical
B) administrative
C) quantitative
D) rational
E) political

Question

Quizplus · Accepted Answer

The administrative model of decision making is associated with satisficing rather than optimizing, bounded rationality rather than perfect rationality, and uncertainty rather than certainty. This model is more realistic in the real-world context of organizations, where decision makers have limited information, time, and resources to make decisions. The administrative model recognizes the presence of organizational politics, conflicting interests, and power struggles that influence decision making.

Which Model of Decision Making Is Associated with Satisficing, Bounded