Question

    Which of the following is a decision-making model that focuses on using intuition and past experience?

    A Rational decision-making model Correct Answer Incorrect Answer
    B Bounded rationality model Correct Answer Incorrect Answer
    C Satisficing model Correct Answer Incorrect Answer
    D Garbage can model Correct Answer Incorrect Answer
    E Intuitive decision-making model Correct Answer Incorrect Answer

    Solution

    The intuitive decision-making model relies on a manager’s instincts, experience, and gut feelings rather than structured, logical analysis. This model is often used in complex or uncertain situations where time is limited.

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