One Assumption of Bounded Rationality Is That Managers Can Analyse

question 37

True/False

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

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Definitions:

Self-determination theory

A psychological theory of motivation that emphasizes the importance of autonomy, competence, and relatedness in fostering well-being.

Basic psychological needs

Fundamental requirements for mental well-being, such as the need for autonomy, competence, and relatedness.

Autonomy

The ability or right of individuals to make their own choices and control their own lives.

Integrity

The quality of being honest and having strong moral principles; moral uprightness.