Business Management MCQ Questions and Solutions with Explanations | Management
Business Management MCQ Questions and answers with easy and logical explanations. Management provides you all type of quantitative and competitive aptitude mcq questions with easy and logical explanations. Management MCQ is important for exams like MAT, CAT, CA, CS, CMA, CPA, CFA, UPSC, Banking and other Management department exam. Page-8 section-3
Each section contains 100 MCQs on
Business Management .
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.