Question

    The behavioural theory of decision making was given by

    _________
    A Daniel Kahneman Correct Answer Incorrect Answer
    B Henry Mintzberg Correct Answer Incorrect Answer
    C Herbert Simon Correct Answer Incorrect Answer
    D Edward Deming Correct Answer Incorrect Answer
    E Albert Bandura Correct Answer Incorrect Answer

    Solution

    Behavioral approach is also known as descriptive approach and administrative model. This theory is proposed by Herbert A Simon, a well known economist, in which he attempts to explain how decisions are made in real life situations. A manager has to make decisions under different conditions and situations.

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