A Process of Making Decisions by Constructing Simplified Models That

question 6

Multiple Choice

A process of making decisions by constructing simplified models that extract the essential features from problems without capturing all their complexity is known as ________.

• A) optimal decision making
• B) intuitive decision making
• C) bounded rationality
• D) active selection
• E) incremental decision making

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Definitions:

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Guidelines designed to help professionals conduct business honestly and with integrity, usually set by professional organizations or individual companies.