Management Finance - Part 1

A vice-principal selects a teacher-training programme that is sufficiently effective and feasible rather than evaluating...

Type: MCQ • Marks: 1
A vice-principal selects a teacher-training programme that is sufficiently effective and feasible rather than evaluating every conceivable alternative This is an example of:
Options
A. Rational-comprehensive decision-making
B. Satisficing
C. Scientific management
D. Zero-based budgeting
Explanation
Satisficing means selecting an alternative that meets an acceptable standard rather than seeking the theoretically optimal alternative.
UPSC Principal & Vice Principal Management Finance Administration

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