regulatoryBody NABARD Grade A Prelims Mock Test 2024 Management Concepts of Management Decision Making
In the context of decision-making models, which of the following is true about the "Garbage Can Model"?
1
Decisions are made after thorough analysis of alternatives.
2
It assumes a highly structured environment with clear goals.
3
Problems, solutions, and participants are mixed together without a clear process.
4
It is based on the principle of maximizing utility.
5
It focuses on achieving incremental improvements over time.