One assumption of bounded rationality is that managers can analyze all relevant information about all alternatives for a situation
Indicate whether the statement is true or false.
Answer: FALSE
Explanation: The idea of bounded rationality says that decision makers can never analyze all information for the alternatives involved. So decision makers need to put limits on how much information they will analyze.
Business
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A) keeping money in a bank account B) checking for counterfeit bills C) counting cash receipts twice D) internal audit of cash procedures
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Under common law, contracts could be made on Sunday
a. true b. false
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