Statements:
Some Branches are not Outlets.
Only a few Outlets are Stores.
All Stores are Camps.
Only a few Camps are Godown.
Conclusions:
I. Some Stores are not Branches.
II. Some Stores are not Godown.
III. Some Godowns are Outlets.
Some Branches are not Outlets (O) + Some Outlets are Stores (I) → No conclusion. Hence conclusion I does not follow. All Stores are Camps (A) + Some Camps are Godown (I) → No conclusion. Hence conclusion II does not follow. Some Outlets are Stores (I) + All Stores are Camps (A) → Some Outlets are Camps (I) + Some Camps are Godown (I) → No conclusion. Hence conclusion III does not follow.
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.