Decision Making

A Principal faces an urgent safety problem and has only two hours to act Complete information is unavailable, but the Pr...

Type: MCQ • Marks: 1
A Principal faces an urgent safety problem and has only two hours to act Complete information is unavailable, but the Principal uses the best available evidence and selects a feasible protective measure
Options
A. Pure optimisation
B. Groupthink
C. Bounded rationality
D. Status quo bias
Explanation
Time and information constraints limit the possibility of exhaustive rational analysis.
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UPSC Principal & Vice Principal Management Finance Administration

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