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Which one of the following statements is CORRECT? a. Bounded rationality is only a concept. b. Bounded rationality focuses on the actual constraints of managerial

Which one of the following statements is CORRECT?

a.

Bounded rationality is only a concept.
b.

Bounded rationality focuses on the actual constraints of managerial decision making
c.

Bounded rationality relates primarily to maximizing behavior
d.

Bounded rationality applies only to profit-oriented organizations.

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