P (getting a prize) = 6/(6 + 30) = 6/36 = 1/6.
A decision taken in response to a problem that has already taken place, is known as _____________
__________ emerges when decision makers have limits on their ability to assimilate large amounts of information.
How does effective communication contribute to the decision-making process?
_________ are concerned with the problems of repetitive nature or routine type matters.
Decision making is ____________
As per bounded rationality, the decision making is limited by certain factors like cognitive limitations. Cognitive limitations refer to _____
What is the benefit of using problem-solving techniques, such as the 5 Whys?
An employee forgoes promotion to avoid transfer to another city. This is a type of ________
How does prioritizing criteria contribute to selecting the best solution?
Which type of decision is made in a situation that is new, complex, and has no established guidelines?
