Question
As per Herbet Simon’s bounded rationality theory,
the decision made is ______ in nature.Solution
According to Simon, because of bounded rationality, the decision made is ‘satisficing’ in nature i.e. they only satisfy and suffice but not maximise. Thus, a decision maker is looking for a satisfactory solution for a problem in the given situation and the constraints and not for the ideal solution as that may lead to an endless search.
Production of Oranges is highest in which of the following districts of Uttar Pradesh?
Consider the following Statements about Smart Cities Mission and choose the options with correct statements .
I - Smart Cities Missio...
The fundamental duties were added in the Indian Constitution on the recommendation of the:
The Government of India started DACE scheme in April 2022. This scheme was launched under which of the following ministries?
As of 1 Jan 2024, how many countries are included in the BRICS from the African Continent?
PT Usha was elected as the president of which association in December 2022?
What was the slogan for National Girl Child Day 2019?
The objective of ‘Ladakh Ignited Minds Project' launched by Indian Army is
‘Milindopanho’ was composed/written by:
Who among the following coined the term "battery" to describe linked capacitors?
Relevant for Exams:
