Question

Which of the following statements is true regarding the rational decision-making model?
A. The rational​ decision-making model involves​ satisficing; seek solutions that are satisfactory and sufficient.
B. The rational​ decision-making model assumes that an individual is able to identify all the relevant options in an unbiased manner.
C. The rational​ decision-making process is an unconscious one created from distilled experience.
D. Rational​ decision-making models involve constructing simplified models that extract the essential features from problems without capturing all their complexity.
E. The rational​ decision-making model takes into consideration the limited​ information-processing capability of individuals.

Answer 1

Answer:

B. The rational decision making model assumes that an individual is able to identify all the relevant options in an unbiased manner

Explanation:

Rational decision making is a process wherein a problem is identified,  solution to such a problem is found, which helps in taking right and logically correct decisions.

The process stresses upon objectivity and analysis rather than taking decisions based upon intuition or subjectivity.

The model has certain assumptions such as , availability of perfect information to the decision maker and the availability of time with the decision maker to evaluate and analyse each and every option with other options.

One of the limitations of the model being it's assumption that individuals will be able to identify all relevant options in an objective unbiased manner.

Answer 2

Statement that can be considered as true statement about rational decision-making model is B:The rational decision-making model assumes that an individual is able to identify all the relevant options in an unbiased manner.

• The rational model of decision making can be regarded as one that  assume that choices that maximize benefits as well as  minimize any costs will always be the choice that people want to make.

• It states that it is possible for individuals to identify relevant options without unbiased attitude.

Therefore, option B is correct.

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