Normative models of decision-making emphasize the importance of-15786
Normative models of decision-making emphasize the importance of rational processes and objectivity. Research on how decision-making takes place has suggested that purely rational processes are impossible or impractical, and that people respond to this problem of "bounded rationality" by:
This multiple choice question (MCQ) is related to the book/course
vu mgt502 Organizational Behaviour.
It can also be found in
vu mgt502 Final Term - Quiz No.76.
Normative models of decision-making emphasize the importance of rational processes and objectivity. Research on how decision-making takes place has suggested that purely rational processes are impossible or impractical, and that people respond to this problem of "bounded rationality" by:
going along with the group
making random or arbitrary decisions
applying a decision standard the researchers refer to as “satisficing”.
abandoning reason for intuition
