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. 1 and 2 are true
B. 1 and 4 are true
C. 1, 2 and 3 are true
D. 1, 2 and 4 are true
Answer: Option D
This Question Belongs to Management >> Business Management
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