Bounded Rationality Refers to

question 29

Multiple Choice

 Bounded rationality refers to

• A) decisions being based on a certain starting point.
• B) simple and straightforward rational decisions.
• C) decisions made easily without any restrictions.
• D) making decisions within a set of constraints.

---

Definitions:

Product Responsibility

An ethical outlook or policy that holds a company accountable for the social, environmental, and health impacts of its products throughout their lifecycle.

Eco-Intensity Measure

A metric that assesses the environmental impact of a product, service, or activity in relation to its output, efficiency, or economic value.

Eco-Efficiency Measure

An assessment of how economically an organization operates with regard to its environmental impact, aiming for sustainability.

Social Performance

A measure of an organization's effectiveness in fulfilling its social mission and responsibilities.