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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.
CHARACTERISTICS OF MANAGEMENT 1. Management is good oriented. It achieves the organizational goals by coordination of the efforts of the personnel. 2. Management works as a
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