According to Herbert Simon,in the Context of Decision Making,bounded Rationality

question 63

Multiple Choice

According to Herbert Simon,in the context of decision making,bounded rationality is:

• A)A decision maker's set of rules to achieve goal consensus through rational methods.
• B)A decision maker's set of constraints due to a lack of complete information as well as limited processing ability.
• C)A decision maker's intuitive ability to arrive at a decision irrespective of external constraints.
• D)The ratio of a decision maker's level of tacit knowledge to his or her level of explicit knowledge.

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Definitions:

Choroid

The middle layer of the eye, which contains the iris, the ciliary body, and most of the eye’s blood vessels.

Ciliary Body

A wedge-shaped thickening in the middle layer of the eyeball that contains the muscles that control the shape of the lens.

Sclera

The tough, outermost layer, or “white,” of the eye, through which light cannot pass; covers all except the front of the eye.

Sclera

The white outer layer of the eyeball, providing protection and structure to the eye.