List four of the hindrances to perfectly rational decision making, and describe how each might apply to a manager who is trying to decide whether to start sourcing some of its products from overseas markets.
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Decision makers do not have complete knowledge of all the facts surrounding the problems. ...
The search for decision is stopped as soon as the minimum acceptable level of rationality is reached. ...
A decision making situation may involve multiple goals all of which cannot be maximized simultaneously.
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