Which of the following is true about the discounting of bill of banks?
I. Banks provide short-term finance by discounting bills, by making payment of the amount before the due date.
II. The party gets the funds after waiting for the date of maturity of the bills.
The correct answer is A
Which of the following will not be part of Rational decision making?
How does a cost-benefit analysis contribute to selecting the best solution?
Decision Matrix is a type of __________ technique of decision making.
When people take decisions based on the most currently presented items or experiences, it is called _____
Which of the following is not a group decision making technique?
What criterion is essential when selecting the best solution in decision-making?
________ decision theory is concerned with how people actually make decision.
SWOT analysis is done by managers to help evaluate various options and make a decision. What does O in SWOT stand for?
Rational decision making is a multi-step process starting with defining the problem. What is the next step in this process?
As per Herbet Simon’s bounded rationality theory, the decision made is ______ in nature.