Which Phrase Best Describes the Term "Bounded Rationality

question 130

Multiple Choice

Which phrase best describes the term "bounded rationality"?

• A)thinking a problem through clearly before acting
• B)taking care not to exhaust limited resources
• C)the result of departmentalized decision making
• D)limits imposed on decision making by costs, time, and technology
• E)the use of extremely structured steps in the decision-making process

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Definitions:

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Groups of people who differ in race, national origin, or culture from the majority population in a society.

Neocolonialism

The practice of using economic, political, cultural, or other pressures to control or influence a country, especially former dependencies.

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An economic system characterized by private or corporate ownership of capital goods, operating on a global scale.

Global Feminist

A movement focusing on advocating for women's rights and equality across different cultures worldwide.