When managers construct simplified models that extract essential features without capturing complexities, they are making decisions based on

When managers construct simplified models that extract essential features without capturing complexities, they are making decisions based on

(a) Certainty
(b) Risk
(c) Bounded rationality
(d) Groupthink
✅ Correct option: (c) Bounded rationality
Explanation: Bounded rationality means simplifying decision-making due to time or information limits.