Which of the Following Is a True Statement About Bounded

question 70

Multiple Choice

Which of the following is a true statement about bounded rationality?

• A) It is the act of choosing an alternative that meets the minimum standards of acceptability.
• B) It is the main cause of the recency syndrome.
• C) It occurs when we rely on intuition instead of data.
• D) It is our tendency to find the simplest possible solution to a problem.

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Definitions:

Plants

Multicellular organisms in the kingdom Plantae that photosynthesize, using sunlight to convert carbon dioxide and water into glucose and oxygen.

Consumer

An individual or group that purchases goods and services for personal use, playing a critical role in the economy by driving demand and influencing production.

Organism

A living entity consisting of one cell, like bacteria, or many cells, like plants, animals, and humans.