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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.
e) Formulate a spreadsheet model for performing a simulation of the daily sales. Perform 300 replications and obtain the average of the sales over the 300 simulated days
An organization may be defined as a group of people working in a group to achieve a common goal. The employees of the organization form different teams and work accordingly to comp
what is tca cycle
1. Briefly explain the monitoring, measuring, and adjusting components of the strategic planning process. The strategic plan are designed based on the predictions and assumptions,
3 major excretory product of plant and animals
M aintenance shop employing one mechanic and servicing 50 machines would be described as a a. Single-channel, priority system. b. Multi-channel, infinite cal
Goal-Setting Theor y Edwin Locke proposed that intentions to work toward a target are major sources of work motivation. The theory states that exact and difficult motiv
2.Why were the original Blackberry products so successful? What was the basis for Blackberry’s competitive advantage?
An organization with the minimum number of management layers among policy makers and front-line workers.
Census and Registration Data: Census and registration data have become very comprehensive census but it now extends to many areas. a.Census of Population: A census of the
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