One Assumption of Rational Decision Making Is That the Decision

question 55

True/False

One assumption of rational decision making is that the decision maker is not aware of all possible alternatives and consequences.

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Definitions:

Adaptive and Flexible

The capacity to adjust and modify one’s behavior or operations in response to changing circumstances or environments.

Rigid

Referring to something that is inflexible or strict, with no room for adjustment or deviation.

Static Organizations

Refer to organizations that maintain stable structures, processes, and strategies over time, resisting change and innovation.

Information Technology (IT)

involves the use of computers, networking, and other physical devices, infrastructure, and processes to create, process, store, secure, and exchange all forms of electronic data.