Managers Who Exhibit Bounded Rationality

question 162

Multiple Choice

Managers who exhibit bounded rationality

• A)might be operating under time constraints.
• B)might be factoring political considerations into decisions.
• C)might be limited in their capacity to acquire and process information.
• D)might be subject to cognitive biases.
• E)All of the above

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Definitions:

Personal Computer

A computer designed for use by one person at a time, suitable for general tasks such as writing, internet browsing, and gaming.

Internet Sites

Websites or web pages that are accessible on the internet, providing information, services, or products to users.

Legitimate Power

Authority or influence that is recognized and accepted by others as valid or rightful within a social or organizational context.

Social Structure

The organized pattern of social relationships and social institutions that compose a society.