The Concept of Bounded Rationality Holds That

question 57

Multiple Choice

The concept of bounded rationality holds that:

• A)our perception of a rational reality is bounded by non rationality.
• B)decision makers process limited and imperfect information and therefore rarely select the best choice.
• C)decision makers are "bounded" by organizational limitations.
• 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:

Stereotypes

Oversimplified ideas or generalized beliefs about a particular group of people, based on their perceived traits.

Ethnic Groups

Communities or populations made up of people who share a common cultural background, heritage, language, or lineage.

Aversive Racism

A form of racism that occurs in individuals who hold egalitarian values and believe they are not prejudiced but still possess negative beliefs or feelings about racial groups subconsciously.

Bona Fide Pipeline

A legitimate and authentic sequence or series of processes through which something is delivered or made available.