New Click here to Enroll for SIDBI MSME Expert Classes by Experts

    Register

    Question

    As per Herbert’s Decision-making theory, the stage in

    which the final decision is made is referred to as ______
    A Design Phase Correct Answer Incorrect Answer
    B Intelligence phase Correct Answer Incorrect Answer
    C Decision phase Correct Answer Incorrect Answer
    D Choice Phase Correct Answer Incorrect Answer
    E Selection Phase Correct Answer Incorrect Answer

    Solution

    Behavioral approach to decision-making proposed by Herbert A Simon, explains how decisions are made in real life situations. A manager has to make decisions under different conditions and situations. He 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.  

    Practice Next

    Relevant for Exams: