In the Context of Human Compromises in Decision Making, Which

question 79

Multiple Choice

In the context of human compromises in decision making, which of the following statements is true of bounded rationality?

• A) It occurs when a decision maker tends to select an alternative that he or she has tried before and that has delivered acceptable results.
• B) It occurs when a decision maker settles for an alternative that he or she considers good enough because other limitations make finding the best alternative impossible.
• C) It occurs when a decision maker relies on his or her intuition and gut instincts while analyzing alternatives instead of collecting impartial data.
• D) It occurs when a decision maker assumes that everyone around sees things the way he or she does.

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Definitions:

College

An institution of higher education offering undergraduate degrees; often a part of a larger university.

Criterion

A standard or principle by which something may be judged or decided, often used in assessments or decision-making processes.

Expressive Needs

Emotional or social needs that involve seeking emotional support, love, belonging, and self-expression.

Instrumental Needs

Emotionally neutral, task-oriented (goal-oriented) needs.