Bounded Rationality Assumes That Managers _____ Because the Costs of Optimizing

question 8

Multiple Choice

Bounded rationality assumes that managers _____ because the costs of optimizing in terms of time and effort are too great.​

• A)​satisfice
• B)​optimize
• C)examine facts and details​
• D)​reject heuristics

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Definitions:

Restraint

Methods or devices used to limit the movements or behavior of an individual, often for safety or therapeutic reasons.

Fluid Restriction

A medical directive to limit fluid intake to manage or prevent health conditions, such as heart or kidney problems.

Spiritual Distress

A condition of distress linked to the diminished capacity to find and assimilate significance and direction in life through bonds with oneself, other people, the arts, literature, the natural world, or a higher power.

Social Isolation

A state of minimal or no contact with society or other individuals, which can lead to feelings of loneliness and have negative effects on health.