The Ability of a Manager to Be Perfectly Rational Is

question 48

Multiple Choice

The ability of a manager to be perfectly rational is limited by factors such as cognitive capacity and time constraints. This is known as

• A) a heuristic.
• B) bounded rationality.
• C) escalation of commitment.
• D) the illusion of control.

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Definitions:

Identify Target Audience

The process of defining a specific group of consumers most likely to be interested in a company's product or service.

Social Media Campaign

A coordinated marketing effort on social media platforms that aims to reinforce or assist with a business goal using one or more social media platforms.

Strategy and Goals

A comprehensive plan devised to achieve specific objectives over a predetermined timeline, aligning actions with overarching ambitions.

Connection

Connection pertains to the relationship or link between individuals, groups, or systems that allows for communication, interaction, or functional integration.