Which of the following is one of the assumptions underlying nonrational models of decision making?
A) Managers do not possess complete information.
B) Rational decision making is easy.
C) The context for managerial decisions is simple and stable.
D) Decisions can be made with certainty.
E) Managers do not face restrictions when making decisions.

Question

Quizplus · Accepted Answer

Nonrational models of decision making assume that managers do not possess complete information, which means they have to rely on educated guesses and intuition when making decisions. This is in contrast to the rational model, which assumes that managers have access to all relevant information and can make decisions based solely on logical analysis.

Which of the Following Is One of the Assumptions Underlying