Rational decision-making model assumes that managers (1); that is, they select the choice that maximizes their satisfaction. On the other hand, bounded rationality model assumes that managers (2); that is, they select the first alternative that is "good enough". What words should go into the two blanks? (1) Brainstorm - (2) Satisfice (1) Optimize - (2) Satisfice (1) Satisfice - (2) Optimize (1) Optimize - (2) Brainstorm

Question

Social Studies

Cannon Stein

4 September, 00:26

Rational decision-making model assumes that managers (1); that is, they select the choice that maximizes their satisfaction. On the other hand, bounded rationality model assumes that managers (2); that is, they select the first alternative that is "good enough". What words should go into the two blanks? (1) Brainstorm - (2) Satisfice (1) Optimize - (2) Satisfice (1) Satisfice - (2) Optimize (1) Optimize - (2) Brainstorm

+5

Answers (1)

Know the Answer?

Jan · Answer 1

(1) Brainstorm ideas and Optimize their work.

(2) Satisfy the requirements of a company.

Explanation:

Rational decision-making model assumes that managers brainstorm ideas and optimize their work; that is, they select the choice that maximizes their satisfaction. On the other hand, bounded rationality model assumes that managers satisfy the requirements of a company; that is, they select the first alternative that is "good enough".

This means that the rational decision-making model is well-strucutred and planned and it takes into account many choices in order to choose the best option. And the bounded rationality model takes into account limited information in order to make a decision.