Bounded rationality, Bounded rationality says that we are

Bounded rationality

Reference no: EM13497619

1. __________ results when decision makers select the first acceptable alternative considered.

A. Heuristics
B. Communities of practice
C. Rational decision making
D. Satisficing

2. Bounded rationality says that we are likely to:

A. select the first alternative that minimizes value.
B. evaluate all the alternatives simultaneously.
C. use accurate information to evaluate alternatives.
D. pick the alternative that maximizes value

Reference no: EM13497619

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