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 collecting information?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. Herbert Simon, the Nobel Prize winning researcher, showed that humans went through three essential stages in the act of problem solving and decision making. He called these the Intelligence, Design, and Choice stages. 
Which book has not been written by Amitav Ghosh?
The United Nations Convention on the Law of the Sea (UNCLOS), is an international agreement that establishes the legal framework for marine and maritime...
Which type of insurance is not covered under the rule/contract of indemnity?
When did the Indian Forex reserves hit the $400 billion mark for the first time?
Which is the highest waterfall of the world on land?
What is the suborder of Globigerina Ooze at the ocean floor, which is made up of marine plankton?Â
In which of the following years was the Muslim League formed?
The British Parliament transferred the powers of the East India company to the British crown in ______.
What was the next target of India’s Service sector in the next 3 years?
Which of the following is not true about BSBDA account.
Relevant for Exams:
