One of the Reasons Managers Face Limits to Their Rationality

question 69

Multiple Choice

One of the reasons managers face limits to their rationality is that they:

• A)are aware of all the possible alternatives.
• B)must make decisions under risk and time pressure.
• C)have a consistent system of preferences.
• D)calculate the probability of success for each alternative.

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Definitions:

Late 19th Century

The final decades of the 19th century, a time of industrial growth, cultural change, and the lead-up to major global events and shifts in the early 20th century.

Sense Of Community

A feeling of belonging and mutual support among members of a community, often contributing to members' identity and commitment to group activities and goals.

Diverse

Exhibiting variety or inclusion of different types of people (such as different races or cultures), ideas, or elements.

Fragmented Cities

Urban areas that are divided into separate parts due to socio-economic, ethnic, or political factors, often leading to disparities in resource allocation and living conditions.