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    Question

    __________ emerges when decision makers have limits on

    their ability to assimilate large amounts of information.
    A Intuitive Rationality Correct Answer Incorrect Answer
    B Irrationality Correct Answer Incorrect Answer
    C Limited rationality Correct Answer Incorrect Answer
    D Bounded rationality Correct Answer Incorrect Answer
    E Rounded rationality Correct Answer Incorrect Answer

    Solution

    The theory of bounded rationality holds that an individual's rationality is limited by the information they have, the cognitive limitations of their minds, and the finite amount of time they have to make a decision.

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