Which Model of Decision Making Recognizes That Managers Are Influenced

question 95

Multiple Choice

Which model of decision making recognizes that managers are influenced by bounded rationality?

• A) need-based
• B) process-based
• C) normative
• D) descriptive

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Definitions:

DVDs

Digital Versatile Discs, a type of optical storage media used for video, audio, and data storage, now surpassed by digital streaming and download technologies.

CDs

Compact Discs, a digital optical disc data storage format used for storing audio, video, and data.

Budget Constraint

The limitation on the consumption bundles that a consumer can afford given their income and the prices of goods.

Income

Income earned regularly from work or investments.