Nonrational models of decision making assume that managers have complete information and are able to make the best decision for the organization.

Question

Quizplus · Accepted Answer

Nonrational models of decision making recognize that managers often have incomplete information and are influenced by emotions, biases, and other subjective factors that can impact their decision-making process. It is impossible to always make the best decision for the organization under these conditions.

Nonrational Models of Decision Making Assume That Managers Have Complete