One Assumption of Bounded Rationality Is That Managers Can Analyze

question 3

True/False

One assumption of bounded rationality is that managers can analyze all relevant information about all alternatives for a situation.

---

Definitions:

Decentralisation

The distribution of decision-making powers from central authority to lower-level employees or divisions in an organization.

Goal Congruence

A condition in which the goals of the company's various employees and departments align with the overall objectives of the organization.

Motivation

The internal and external factors that stimulate desire and energy in people to be continually interested and committed to a job or subject.

Suboptimal Decision

A choice made that is not the best or most effective among the alternatives considered.