Which of the Following Statements BEST Describes Bounded Rationality

question 41

Multiple Choice

Which of the following statements BEST describes bounded rationality?

• A) Decision makers are limited by having incomplete information as well as by their values,unconscious reflexes,skills,and habits.
• B) Decision makers have complete information regarding the situation and all possible alternatives.
• C) Decision makers will be able to fully anticipate the consequences of each available alternative because these consequences define the boundary.
• D) People tend to be rational decision makers,and this fact bounds the creativeness and effectiveness of decisions.
• E) Alternative permutations make it imperative for rational decision makers to create a bounded number of evoked alternatives.

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Definitions:

Desmosomes

Cell structures specialized for cell-to-cell adhesion, acting as anchors to bind cells together in tissues.

Gap Junctions

Specialized intercellular connections between a multitude of animal cell-types that directly connect the cytoplasm of two cells, allowing various molecules, ions, and electrical impulses to directly pass through a regulated gate between cells.

Potassium Ions

Charged particles of potassium that play key roles in bodily functions, particularly in nerve transmission and muscle contraction.

Glucose

An essential form of sugar that acts as a significant energy provider in living entities and is a part of various carbohydrates.