The Bounded Rationality Model Assumes That Managers

question 28

Multiple Choice

The bounded rationality model assumes that managers:

• A)select the alternative that is completely rational.
• B)always select the best possible alternative.
• C)recognize that their conception of the world is complex.
• D)are comfortable making decisions without determining all the alternatives.

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Definitions:

Individualistic Model

A concept in ecology that describes communities as assemblages of species with similar abiotic needs, rather than as tightly integrated units.

Environmental Gradients

Variations in environmental conditions such as temperature, humidity, and nutrient availability over a certain area, often leading to a distribution pattern of species.

Species Survivability

The ability of a species to persist and maintain its population over time, influenced by factors like genetic diversity, reproduction rates, and environmental conditions.

Organismic Model

A conceptual model that views an organization or system as a living organism with interdependent parts, used to understand complex systems.