Home / MCQ Bank / Commerce

Commerce Business Management Difficulty: Medium

Which of the following statements are true about Herbert A Simon's decision-making process? 1. Decision-making process involves intelligence, design and choice activities. 2. Decision-making involves choice between alternative plans of action. 3. Bounded rationality has no significance in decision-making process. 4. Satisficing model brings about a balance between individual and organisational value judgement in decision-making process.

Select the correct option to test your answer:

More Commerce Questions

Select the correct answer regarding motives for holding inventories by firms. 1. Transaction motive 2. Environmental motive 3. Precautionary motive 4. Speculative motive 5. Competitive motive Which of the following oligopoly models is concerned with the maximization of joint profits? When the actual loss is more than the estimated loss, the difference between the two is considered to be . . . . . . . . Which of the following is/are the form(s) of environmental accounting? 'T'h'e' 's'a'l'e's' 'i'n'c'o'm'e' '('C'r'e'd'i't' 'a'n'd' 'C'a's'h')' 'o'f' 'a' 'b'u's'i'n'e's's' 'd'u'r'i'n'g' 'a' 'g'i'v'e'n' 'p'e'r'i'o'd' 'i's' 'c'a'l'l'e'd'