_____ is the idea that proposes that the ability of decision makers to be rational is limited by numerous constraints, such as complexity, time, cognitive capacity, values, skills, habits, and unconscious reflexes.
A. Rational decision making
B. MBO
C. Nonrational decision making
D. Analytics
E. Bounded rationality
E. Bounded rationality
The bounded rationality concept suggests that the ability of decision makers to be rational is limited by numerous constraints, such as complexity, time, cognitive capacity, values, skills, habits, and unconscious reflexes (see Figure 7.2). Because of such constraints, managers don't make an exhaustive search for the best alternative. Instead, they follow the satisficing model in which they seek alternatives until they find one that is satisfactory, not optimal.
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Net income for the year was $45,500 . Accounts receivable increased $5,500, and account payable increased by$11,200 . Under the indirect method, the cash flow from operations is
a. $51,200 b. $45,500 c. $62,200 d. $28,800
The linear equation for total cost is (Unit variable cost x Units) + Fixed cost
Indicate whether the statement is true or false
Which of the following is NOT one of the three key value drivers behind the EVA approach?
A) Net operating profits after tax (NOPAT), which are similar to part of the free cash flow concept, EBIT × (1 - t). B) The investment in net working capital. C) The investment in capital. D) The cost of capital.
The coverage grace period gives you an extension of generally ________ in which to make your premium payment without cancelling your policy
A) 15 days B) 30 days C) 45 days D) 60 days