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:

Bureaucratic Organization

A structured administrative system governing any large institution, characterized by fixed rules, a hierarchy of authority, and a detailed division of labor.

Bouncers

Security personnel employed at venues like bars, nightclubs, or concerts to ensure safety, enforce rules, and manage entry.

Specialized Task

A job or duty that requires specific skills or expertise, usually assigned to someone proficient in that area.

Charismatic Leaders

Charismatic leaders are individuals who inspire and motivate followers through their personal charm, appeal, and leadership style.