In psychology, the theory of Bounded rationality refers to the fact that, when faced with making decisions, people have a limited time to do so, have limited information and also their mind have limitations. This factors combined make the process of taking decisions more difficult to do.
Therefore, evaluating alternative options and choosing one among them is not the definition of the Theory of Bounded rationality
Genetically modified organisms are organisms in which the genetic material has been altered in a way that does not occur naturally by mating and/or natural recombination.