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:

Discrimination

The unfair treatment of individuals based on their race, age, sex, nationality, or other characteristics.

Reluctant

Feeling or showing aversion, hesitation, or unwillingness.

Workforce Diversity

The range of differences among individuals in an organization, including but not limited to race, gender, age, national origin, disability, and sexual orientation.

Legislation

Laws and statutory requirements enacted by a legislative body or the process by which such laws are created and implemented.