Identify a True Statement About the Rational Model of Decision

question 87

Multiple Choice

Identify a true statement about the rational model of decision making.

• A)It fails to reflect the reality of managerial decision making.
• B)It assumes that a decision maker is not aware of all the possible alternatives.
• C)It considers time constraints and limits to human knowledge in decision making.
• D)It captures the realistic way of decision making.

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Definitions:

Disaffirm

To disaffirm means to legally reject or void a contract or agreement, usually because of the incapacity or unfairness to one party involved.

Minor

An individual who is under the age of majority, legally considered as not yet fully adult and under the care of a parent or guardian.

Rescind

To cancel or repeal a contract, agreement, or order, effectively bringing it to an end.

Restatement of Contracts

A legal treatise that organizes, explains, and clarifies the principles of contract law in the United States.