b$.$ Changing aspiration level.

c$.$ Numerous and highly complex variables.

d$.$ Short$-$term results.

e$.$ Inordinate emphasis on behavioral aspects of decision making.

$12.$ Which one of the following statements is CORRECT?

a$.$ Bounded rationality is only a concept.

b$.$ Bounded rationality relates primarily to maximizing behavior.

c$.$ Bounded rationality focuses on the actual constraints of managerial decision making.

d$.$ Bounded rationality applies only to profit$-$oriented organizations.

e$.$ Bounded rationality is an incomplete representation of the limitations of managerial decision making.

$13.$ The eclectic or interdisciplinary nature of managerial decision making is reflected in:

a$.$ The complexity of the managerial decision$-$making process.

b$.$ The fact that it uses knowledge from several disciplines in the decision$-$making process.

c$.$ The obvious limitations of the quantitative aspects of decision making.

d$.$ The pervasive nature of the behavioral aspects of decision making.

e$.$ The interrelatedness of the functions of decision making within the decision making process.

$14.$ The political model of decision making may best BE DESCRIBED as:

a$.$ Incremental and adaptive.

b$.$ Constrained and non$-$quantifiable

c$.$ Closed and artificial.

d$.$ Judgmental and limited$.$

e$.$ Sensitive and long$-$range.

$15.$ Which one of the following items IS NOT a characteristic of the process model of decision making?

a$.$ Dynamic objectives.

b$.$ Long$-$term horizon.

c$.$ Highly structured process.

d$.$ Acceptable outcomes.

e$.$ Objectives$-$oriented outcomes.