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.

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.

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