Question

_____ means that managers try to take a rational approach to decision making but are restricted by real-world constraints, incomplete and imperfect information, and their own limited decision-making capabilities.

Answer 1

Bounded rationality

Step-by-step explanation:

Limited rationality is the term that refers to a decision made through limited information. As the text in the question above states, this term refers to, when the decision is made rationally, however with restrictions that are composed of incomplete information. censored and very limited, which hinder the decision to be taken, but which does not prevent it.