Question
Consider the following Statements. Assertion
(A): We need investment in human capital to produce more human capital out of human resources Reason (R): We need good human capital to produce other human capital. Choose the correct answer using the options given below:Solution
Societies need sufficient human capital in the first place—in the form of competent people who have themselves been educated and trained as professors and other professionals. In other words, we need good human capital to produce other human capital (say, nurses, farmers, teachers, doctors, engineers...). This means that we need investment in human capital to produce more human capital out of human resources.
Bounded Rationality is also referred to as ___________
For decision making to exist, there needs to be at least ______ alternative(s) available.
Strategic decisions are _______
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