Decision makers construct simplified models that extract the essential features from problems without capturing all their complexity. That is, they operate within the confines of ________.

Decision makers construct simplified models that extract the essential features from problems without capturing all their complexity. That is, they operate within the confines of ________.



A) optimal decision making
B) intuitive decision making
C) bounded rationality
D) rationality
E) common sense

Answer: C


OBE

Learn More Multiple Choice Question :