What do we mean by the term bounded rationality

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1.Show graphically, and explain, the relationship between the differetn levels of management, types of problems, and types of decisions. What do we mean by the term " bounded rationality," and what is its significance with regards to decision making in organizations?

2. Why do organizations use groups? When are they more effective than individuals? when are they less effective?

Reference no: EM1391189

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