Bounded Rationality Means ______

question 3

Multiple Choice

Bounded rationality means ______.

• A)being tied up in confusion
• B)not knowing which box to tick
• C)an organization is bad at decision-making
• D)that there are limits to human ability to make decisions

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Definitions:

Monitoring

The act of observing, checking, and keeping a continuous record of a process or quality over a period.

Listening

Focused activities on social media to learn, explore, and uncover emerging trends, opportunities, activities, and issues that could impact a company, individual, or brand either positively or negatively.

Sentiment Patterns

Observations of attitudes, emotions, or opinions exhibited by individuals or groups, often analyzed through social media and customer feedback to gauge public response.

Feedback

Information provided regarding aspects of one's performance or understanding, aiming to improve or guide future actions.