Question
After a below normal monsoon season, the farmers suffered loss in the actual harvest for the year. The government released relief package for the farmers of such regions. This is which type of a decision made by the government?
More Introduction of Decision Making Questions
- Bounded Rationality is also referred to as ___________
- Decision making is ____________
- As per bounded rationality, the decision making is limited by certain factors like cognitive limitations. Cognitive limitations refer to _____
- Which of the following will not be part of Rational decision making?
- How can the SWOT analysis be useful in eliminating other solutions?
- The bounded rationality model can be used in the following situations except when __________
- In which decision-making technique do experts provide their opinions anonymously to avoid bias, and a consensus is reached after several rounds?
- Which of the following decision is concerned with solving problems of structured nature?
- When the decision maker chooses the optimal solution to a problem that maximises the outcome, after careful analysis, it is known as ________
- Why is it important to consider ethical implications when identifying possible solutions?
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