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Q. What do you term 'bounded rationality' in decision making?
If people are having time as well as cognitive ability for making decision's it is said to be bounded rationality.
Q What are the various types of decision making models?
1) Classical decision making models
2) Administrative decision making models
3) Political decision making models.
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what are related theories
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Q. Define: Decision Making Decision making engages selection of best course of action among different alternatives courses of action.
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