regulatoryBody NABARD Grade A Prelims Mock Test 2024 Management Concepts of Management Decision Making
When faced with a complex decision involving multiple conflicting objectives, decision-makers may apply __________ models that evaluate and prioritize alternatives based on a set of pre-determined criteria, balancing trade-offs to reach the most feasible solution.
1
Multi-criteria Decision
2
Rational Decision
3
Satisficing
4
Sequential Decision
5
Behavioral Decision