Question
The ratio between the speed of a bus and train is 15:27
respectively. Also, a car covered a distance of 720 km in 9 hours. The speed of the bus is three-fourth of the speed of the car. How much distance will the train cover in 7 hours?Solution
As per Herbet Simon’s bounded rationality theory, the decision made is ______ in nature.
When the decision maker chooses the optimal solution to a problem that maximises the outcome, after careful analysis, it is known as ________
What is a common barrier to accurately identifying a problem?
What is the first step in the decision-making process?
The tendency to blame others when things go wrong, instead of looking objectively at the situation is known as __________ bias.
What is the purpose of evaluating the feasibility of possible solutions?
Which technique of decision-making involves generating multiple ideas in a group setting without criticism?
Which of the following style of decision-making focuses on long term?
Which of the following would be a decision which is for repetitive or routine problems for which the responses have been already been decided?
Which of the following decision is concerned with solving problems of structured nature?
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