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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.
What innovative solution is the 'Kisan Kavach' designed for?
Kerala Startup Mission (KSUM) has signed a memorandum of understanding with which organization to support and maintain regular contact for mutual exchan...
Who was honored with the V Venkayya Epigraphy Award in 2024 for their distinguished contributions to epigraphy?
'WMO Provisional State of the Global Climate 2022' released by which of the following international organisation?
Indian-origin Jasleen Kaur has won Britain's prestigious Turner Prize 2024 for her exhibition named _________.
What is the significance of the ‘Rajiv Gandhi Civils Abhayahastam’ program launched by Telangana CM?
What unique feature characterizes LIC’s Bima Sakhi Yojana?