In evaluating alternative solutions, decision makers with bounded rationality
A)know the ultimate value of each alternative.
B)often consider the political acceptability of the solution to other organizational members.
C)know the probability that each alternative will work.
D)tend to exhibit maximization.
E)rarely engage in satisficing.

Question

Quizplus · Accepted Answer

Bounded rationality suggests that decision-makers are limited by the information they have, their cognitive limitations, and the finite amount of time they have to make a decision. Therefore, they often consider factors such as the political acceptability of a solution to other organizational members, as it is a pragmatic approach to decision-making within these constraints.

In Evaluating Alternative Solutions, Decision Makers with Bounded Rationality