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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.
Comment on the importance of following a strategic management process (benefits).
#Identification & Classified of costs
what is material management
EXPLAIN SCIENTIFIC MANAGEMENT THEORY A management approach, formulated by Frederick.W.Taylor and others among 1890 and 1930, that sought to determine scientifically the best me
explain the 4 types of report types of transaction proceesing systems
Page around 16, what is the cost
Cognitive Dissonance: In the late 1950s, Leon Festinger proposed the theory of cognitive dissonance, which is the inconsistency that someone might see between two attitudes or
Causality and Correlation: Often there may be a connection among 2 events: That is, when event happens, event B tends to happen. However, this does not mean that A causes B;
sequencing problems
approaches in management
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