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Author Question: How are managers affected by bounded rationality? What will be an ideal ... (Read 94 times)

karlynnae

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on: Jul 7, 2018
How are managers affected by bounded rationality?
 
  What will be an ideal response?

Question 2

In the U.S., international trade is hampered by homeland security issues and delays.
 
  Indicate whether the statement is true or false


apple

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Reply #1 on: Jul 7, 2018
Answer to Question 1

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.

Answer to Question 2

TRUE


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