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    Management Study Set 14
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    Exam 9: Managerial Decision Making
  5. Question
    Normative Decision Theory Recognises That Managers Have Only Limited Time
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Normative Decision Theory Recognises That Managers Have Only Limited Time

Question 22

Question 22

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Normative decision theory recognises that managers have only limited time and cognitive ability and therefore their decisions are characterised by bounded rationality.

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