How are managers affected by bounded rationality?
What will be an ideal response?
Bounded rationality suggests that decision makers are constrained in their ability to be objective and rational by limitations of the human mind, so they often use incomplete and imperfect information when making decisions.
Business
You might also like to view...
Delivering your presentation extemporaneously means reading directly from your slides and/or notes.
a. true b. false
Business
Louie just got a big raise and wants to begin investing his excess cash flow. If he invests $7,500 per year for the next 30 years, and earns 5% on his investments, how much money will he have when he is nearing retirement?
A) $385,567 B) $500,000 C) $498,291 D) $$265,987
Business