regulatoryBody NABARD Grade A Prelims Mock Test 2024 Management Concepts of Management Decision Making
What is the primary characteristic of the "Rational Decision-Making Model" in decision-making models?
1
It involves making decisions based on intuition and gut feelings.
2
It is a process where decisions are made quickly with limited information.
3
It is a systematic process involving clear objectives, alternatives, and a logical evaluation of those alternatives.
4
It emphasizes the influence of cognitive biases on decision outcomes.
5
It relies heavily on group consensus rather than individual judgment.