Which of the following is an aspect of bounded rationality?
A)decreased commitment to previous decisions
B)managers are rational decision makers
C)managers accept decisions that are good enough
D)all information is analyzed for all alternatives

Question

Quizplus · Accepted Answer

Bounded rationality suggests that because of limitations in time, information, and cognitive abilities, decision makers will often accept decisions that are "good enough" rather than analyzing all possible alternatives thoroughly. Option A is partly correct but may not always be the case, while option B is contradicted by the concept of bounded rationality altogether. Option D is plainly incorrect.

Which of the Following Is an Aspect of Bounded Rationality