Identify a true statement about the rational model of decision making.

A) It fails to reflect the reality of managerial decision making.
B) It assumes that a decision maker is not aware of all the possible alternatives.
C) It considers time constraints and limits to human knowledge in decision making.
D) It captures the realistic way of decision making.

Rational Model

A decision-making model based on logically analyzing all alternatives and choosing the most optimal solution based on predetermined criteria.

Managerial Decision Making

The process by which managers select among available options to make choices that will benefit their organization.

Time Constraints

The limitations on the amount of time available to complete a task or project.