Q278
Which of the following statements are true about Herbert A Simon's decision-making process? 1. Decision-making process involves intelligence, design and choice activities. 2. Decision-making involves choice between alternative plans of action. 3. Bounded rationality has no significance in decision-making process. 4. Satisficing model brings about a balance between individual and organisational value judgement in decision-making process.
A.
Both 1 and 2 are true
B.
Both 1 and 4 are true
C.
1, 2 and 3 are true
D.
1, 2 and 4 are true
AnswerAnswer: Option D
Solution
Answer: Option D
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