Managers who exhibit bounded rationality

A) might be operating under time constraints.
B) might be factoring political considerations into decisions.
C) might be limited in their capacity to acquire and process information.
D) might be subject to cognitive biases.
E) All of the above

Bounded Rationality

A theory suggesting that decision-makers are limited by the information they have, their cognitive limitations, and the finite amount of time they have to make a decision.

Time Constraints

The limitations or deadlines imposed on a task or project, influencing its completion.

Political Considerations

Factors related to government, policy, or organizational politics that influence decisions and actions.