23. Rules of thumb that managers use to simplify decision making are known as ________. (A) folksonomies (B) heuristics (C) sophisms (D) algorithms

10. Toby is hunting for a new apartment. He is specifically looking for one that is located in the heart of the city and should be available for $600 per month. However, Toby is also willing to pay up to $850 per month for a place that is situated slighted away from the city center. According to him, the second option "will also do." This is an example of ________. (A) rational decision making (B) bounded rationality (C) non linear thinking (D) intuitive decision making

23. Rules of thumb that managers use to simplify decision making are known as ________.
(A) folksonomies
(B) heuristics
(C) sophisms
(D) algorithms

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