Which of the following describes making decisions within the constraints of limited information and alternatives?
A) decision optimization
B) management analytics
C) bounded rationality
D) classical decision model
E) business intelligence

Question

Quizplus · Accepted Answer

Bounded rationality refers to the process of making decisions within the constraints of limited information and alternatives. Other options such as decision optimization, management analytics, classical decision model, and business intelligence may involve different approaches or tools for decision-making, but they do not necessarily directly address the issue of limited information and alternatives.

Which of the Following Describes Making Decisions Within the Constraints