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:

Balance

A state of equilibrium where different elements are in equal or correct proportions to maintain stability.

Collective Conscious

A set of shared beliefs, ideas, attitudes, and knowledge that is common to a social group or society.

Ego

In psychoanalytic theory, it represents the part of the psyche that mediates between the desires of the id, the values of the superego, and the external world.

Personal Unconscious

A term by Carl Jung referring to a layer of the unconscious mind that contains forgotten experiences and repressed memories unique to the individual.