Category: COMMERCE MCQs

George R. Terry Peter F. Drucker Herbert A. Simon R.S. Davar Answer Herbert A. Simon Explanation The concept of Bounded Rationality has been given byHerbert A. Simon. Bounded Rationality is the idwa that individual decision making is rationaly limited due to limited information, time and cognitive ability.

These MCQs are helpful in understanding the Methods of Human Resource Accounting. Solve these MCQs carefully and check your knowledge 1. Which method of Human Resource Accounting states that only scarce people should comprise the value of human resources? Replacement Cost Method Historical Cost Method Opportunity Cost Method Economic Value Method Answer 3. Opportunity Cost Method Explanation The Opportunity Cost Read More …