GENERAL KNOWLEDGE

Detailed explanation-1: -Rational decision making is a multi-step process for making choices between alternatives. The process of rational decision making favors logic, objectivity, and analysis over subjectivity and insight. Irrational decision is more counter to logic. The decisions are made in haste and outcomes are not considered.

Detailed explanation-2: -What is Rational Decision Making? Rational decision making leverages objective data, logic, and analysis instead of subjectivity and intuition to help solve a problem or achieve a goal. It’s a step-by-step model that helps you identify a problem, pick a solution between multiple alternatives, and find an answer.

Detailed explanation-3: -The very similar rational decision-making model, as it is called in organizational behavior, is a process for making logically sound decisions. This multi-step model and aims to be logical and follow the orderly path from problem identification through solution.

Detailed explanation-4: -Basically, decisions are the results of specific processes of reasoning. Good decisions are usually considered rational even when they are not necessarily conclusions of the inferences or alternatives best valued according to relevant criteria in a situation.