As part of the rules of the National Accreditation Board of Ghana, all new campuses built by universities need to be approved before students can occupy them. This is to ensure that the environment is...

As part of the rules of the National Accreditation Board of Ghana, all new campuses built by universities need to be approved before students can occupy them. This is to ensure that the environment is conducive for learning and safe for the students. DICO University College has just completed a new campus for occupation.

They started the campus accreditation processes two months ago to get the new campus accredited. However, the process has delayed at the side of the National Accreditation Board. Unfortunately, school has reopened and students are expected to use the facility. DICO University College will be breaking the National rules should they commence lectures without approval. The university can also lose all its students if they do not start have a place to commence lecturers.

The Management of the university is very confused about which decision to take to save the university. They have contacted you as a Management Consultant to advise them on the wayforward. Using the rational decision making process, advise the Management on which decision to take. What decision would you have taken if you were to use the Bounded Rationality theory?