The Concept of Bounded Rationality Holds That

question 26

Multiple Choice

The concept of bounded rationality holds that:

• A)our perception of a rational reality is bounded by nonrationality.
• B)decision makers process limited and imperfect information and therefore rarely select the best choice.
• C)decision makers have limited alternatives to make decisions.
• D)decision makers are bound to project images of themselves as rational thinkers.
• E)our realities are bounded by our own perceptions so that everyone's reality is different.

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Definitions:

Basic Component

An essential element or part of a complex system or substance, fundamental to its function or structure.

Individuals

Separate and distinct persons or entities.

Training

The process of teaching or developing in oneself or others, any skills and knowledge or fitness that relate to specific useful competencies.

Borg Scale

A numerical scale that measures perceived exertion or how hard you feel your body is working during physical activity.