General Studies · Decision Making
Herbert Simon proposed a decision-making model explaining that managers operate under constraints of limited information, time, and cognitive capacity. Which model best describes this approach?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Bounded Rationality Model✓
- 2Classical Economic Model
- 3Incremental Model
- 4Garbage Can Model
Correct answer
Bounded Rationality Model
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