Question

Christin, the CEO of a national IT manufacturer, was approached by Ultimate Phones, a new company that is marketing a new type of phone, to partner with the company on a project. The results of the partnership are uncertain because the company (Ultimate Phones) and its technology are new. Christin is uncertain what to do because she is limited by numerous constraints, such as the uncertainty and complexity of the technology, the management success of Ultimate Phones, and time (because other companies are interested in the partnership). Christin is experiencing:
A. an ethical dilemma.B. bounded rationality.C. groupthink.D. a bounded dilemma.limited scope.

Answer 1

Answer:

B) bounded rationality.

Explanation:

Bounded rationality refers to a situation where an individual must make a decision but the information he/she possesses is limited and incomplete. This limitation may result from not receiving enough information or not being able to process all the information that was received.

In this case, Christin must make a decision but she doesn't have all the information that she would like have or needs in order to choose correctly.

Answer 2

Answer:

The correct option is B, bounded rationality

Explanation:

An ethical dilemma occurs when there is a conflict between one's interest and the interest of the organization leaving one with making choices between   serving in the interest one the company or feathering one's nest.

Groupthink implies giving credence to the decision of a group over individual's thinking and creativity.

Bounded rationality is theme that was introduced by Herbert Simon which refers to the fact that making a rational decision is sometimes limited to the information at one's disposal as well as  one's mental prowess.