Which of the Following Is an Assumption of the Bounded

question 42

Multiple Choice

Which of the following is an assumption of the bounded rationality model?

• A)Managers are aware of all the possible alternatives.
• B)Managers have a consistent system of preferences, which is used to choose the best alternative.
• C)Managers can calculate the probability of success for each alternative.
• D)Managers develop shortcuts, called heuristics, to make decisions in order to save mental activity.

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Definitions:

Company Wellness

Corporate programs or initiatives designed to support and improve the health and well-being of employees, including physical, mental, and emotional aspects.

Positive Reinforcement

The process of encouraging or establishing a pattern of behavior by offering rewards or positive outcomes.

Feedback

The process of giving and receiving information regarding performance or behavior with the intent to improve or affirm.

Reward

A benefit or recognition given to someone as a recompense for their effort, achievement, or good behavior.