Question
Which of the following style of decision-making is
likely to conflict with bounded rationality theory?Solution
Analytical decision-making styles involves careful analysis of the situation, various factors affecting each situation and then arriving at a fair conclusion. Analytical style decision making describes people who feel comfortable with high tolerance for ambiguity but are motivated to find the best or most comprehensive solution and have a rational way of thinking. Analytical decisions-making style is characterized by commitment to finding the best answer , enjoying problem solving, comfort with large amounts of data, innovation, time consuming method. It is suited for complex problems
A listed insurer remeasures its defined benefit plan obligation at year-end, and also records fair value changes of equity instruments irrevocably desig...
How much deduction under section 80TTA of Income Tax Act is allowed?
A sole proprietor withdrew ₹ 1,00,000 on January 31, 2023 for his personal use from his business. Calculate interest on Drawings @ 12% p.a. for the ye...
ABC Ltd., a manufacturing company, undertook a series of transactions during the financial year 2024–25. It purchased a new plant worth ₹1,000 lakh ...
Which of the following transactions is revenue expenditure?
What is the concessional rate of interest applicable under the Differential Rate of Interest (DRI) Scheme?
The cost which is not accumulated in a job order costing system is:
A company records Net Sales of ₹60,00,000, of which 50% are on credit. The opening receivables were ₹2,00,000 and the closing receivables were ₹4,...
Which method is used to account for foreign currency transactions at initial recognition under Ind AS 21?
All shares in respect of which dividend has not been paid or claimed for seven consecutive years or more shall be transferred by the company to ______
Relevant for Exams:
