The Notion That Decision Makers Simply Do Not Have the Ability

question 48

Multiple Choice

The notion that decision makers simply do not have the ability or resources to process all available information and alternatives to make an optimal decision refers to:

• A)management by exception.
• B)communities of practice.
• C)bounded rationality.
• D)projection bias.
• E)structure bias.

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Definitions:

Automatic Processing

A type of cognitive processing that occurs with little to no conscious effort, allowing for tasks to be performed quickly and efficiently.

Relevant Details

Information or aspects which are directly related and critical to understanding or resolving a specific topic or problem.

Attention

The behavioral and cognitive process of selectively concentrating on a discrete aspect of information, whether deemed subjective or objective, while ignoring other perceivable information.

Brain Activity

The electrical and chemical processes occurring within the brain that enable thoughts, feelings, and behaviors.