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Which of the following statements are true about Herbert A Simon's...

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Business Management
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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.

Answer & Solution
Correct Answer: Option D
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