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baherus [9]
2 years ago
13

According to the concept of bounded​ rationality, managers make decisions​ ________.

Business
1 answer:
ankoles [38]2 years ago
3 0

According to the concept of bounded​ rationality, managers make decisions​ rationally, but are limited by their ability to process information.

Bounded rationality. is the concept that once people make decisions, their rationality is restricted through the records they have, the cognitive barriers in their minds, and the time to be had to make the selection.

In selection making, rationality of people is restricted through the records they have, the cognitive barriers in their mind, and the finite quantity of time they need to make a selection.  Bounded rationality prevails whilst a hard and fast of barriers or constraints complicate the rational selection making process.

Learn more about managers here:
brainly.com/question/24553900

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