Bounded Rationality Recognises That Managers Are Cognitively Limited in the _________

question 120

Multiple Choice

Bounded rationality recognises that managers are cognitively limited in the _________.

• A)problems they can identify
• B)logical assumptions they can understand
• C)amount of information they can process
• D)criteria they can use

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Definitions:

Elaboration

The process of adding more information or detail to something, often to clarify or expand upon a concept.

Similarity

The state of being alike or sharing common features, which can influence attraction and group cohesion.

Complementarity

A principle in relationships and systems where different components or participants enhance or complete each other’s qualities or functions.

Reciprocity

A social norm or practice involving mutual exchange of favors or benefits, where actions by one party lead to a response from another.