Question: QUESTION 1 5 Which phrase best describes the term bounded rationality? the use of extremely structured steps in the decision - making process the result
QUESTION
Which phrase best describes the term "bounded rationality"?
the use of extremely structured steps in the decisionmaking process
the result of departmentalized decision making
taking care not to exhaust limited resources
thinking a problem through clearly before acting
limits imposed on decision making by costs, time, and technology
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