Question
As per the behavioural theory of decision making by
Herbert Simon, there are three essential stages in the act of problem solving and decision making. What did he call the stage that relates to deciding the criteria by which to make decisions?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. 
What is the rate percent per annum?
Quantity I. Sum of money becomes four times in five years at simple interest.
Quantity II. The dif...
Quantity I. The perimeter of a triangle whose sides are 17 cm, 13 cm and 23 cm.
Quantity II. The perimeter of a square whose diagonal is 19 cm.
Quantity I. The volume of a cube whose surface area is 216 cm²
Quantity II. The volume of a cuboid whose sides are 8 cm, 9 cm and 13 cm.
Quantity I. The perimeter of a triangle whose sides are 17 cm, 13 cm and 23 cm.
Quantity II. The perimeter of a square whose diagonal is 19 Â cm.
What is the rate percent per annum?
Quantity I. Sum of money becomes four times in five years at simple interest.
Quantity II. The differe...
A merchant earned a profit of Rs. 75 on the selling price of a sweater that cost the merchant Rs. 450.
Quantity I. The profit expressed as a perc...
Quantity I. The volume of a cube whose surface area is 216 cm²
Quantity II. The volume of a cuboid whose sides are 8 cm, 9 cm and 13 cm.
...Solve (x² – 5x + 6) / (x – 1) ≤ 0.
Relevant for Exams:
