Which of the Following Is an Assumption of the Bounded

question 42

Multiple Choice

Which of the following is an assumption of the bounded rationality model?

• A)Managers are aware of all the possible alternatives.
• B)Managers have a consistent system of preferences, which is used to choose the best alternative.
• C)Managers can calculate the probability of success for each alternative.
• D)Managers develop shortcuts, called heuristics, to make decisions in order to save mental activity.

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Definitions:

Hijab

A headscarf worn by many Muslim women that covers the head and chest, traditionally signifying modesty, privacy, and morality.

Retaliation

The act of returning an attack or wrong, often in the context of employment or legal disputes.

Change Benefits

Modifications to existing benefit plans that may enhance or reduce the perks provided to employees or members.

Filing Charge

A fee imposed by an authority or an organization for processing documents or formal submissions.