Which of the following will not be part of Rational

decision making?

A It is a multi-step process Correct Answer Incorrect Answer

B It favours logic and objectivity Correct Answer Incorrect Answer

C It also includes Subjectivity Correct Answer Incorrect Answer

D None of the above Correct Answer Incorrect Answer

E All of the above Correct Answer Incorrect Answer

Solution

Rational decision making is a multi-step process for making choices between alternatives. The process of rational decision making favors logic, objectivity, and analysis over subjectivity and insight. The rational decision-making process involves careful, methodical steps like identifying the problem, identifying the alternatives, evaluating them and them selecting the best alternative

Practice Next

More Introduction of Decision Making Questions

DuPont analysis is:
Forfeiture of shares occurs when a shareholder:
Which of the following statement is correct?
Which banking transaction involves the transfer of funds from one bank account to another electronically, often used for paying bills or making purchases?
A firm budgeted sales of ₹120 lakh but achieved actual sales of ₹100 lakh. Variable cost was budgeted at 60% of sales, and actual cost was 62% of ac...
What is the primary objective of CARO?
In a manufacturing entity, the cost of abnormal waste is:
Which section of the Income Tax Act, 1961, allows a deduction of interest paid on loan taken for purchase of an electric vehicle?
For each registration, a separate GST Registration No (i.e., GSTIN) of ______ digits is allotted.
What is the CAPM?

Relevant for Exams:

Thank You for posting your query. Please check your email for further guidance

Please Register/Login to Download Question