Management (14th Edition)
14th Edition
ISBN: 9780134527604
Author: Stephen P. Robbins, Mary A. Coulter
Publisher: PEARSON
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Question
Chapter 2, Problem 5RDQ
Summary Introduction
To determine:
Whether managers can blend rationality and bounded rationality models for effective decision making.
Introduction:
Rational decision making means to make decisions that are consistent and logical in nature.
Bounded rationality means making a decision while keeping in mind certain limitations or constraints.
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