Multiple choice

Match the following.

 
Group - I Group - II
1. Behavioural model of rational choice (i) Cyert and March
2. Price behaviour of firms (ii) Williamson
3. Behavioural theory of the firm (iii) H. A. Simon
4. Managerial utility maximisation (iv) A. Silberston

  1. 1 - (i), 2 - (ii), 3 - (iii), 4 - (iv)

  2. 1 - (iv), 2 - (iii), 3 - (ii), 4 - (i)

  3. 1 - (ii), 2 - (iii), 3 - (iv), 4 - (i)

  4. 1 - (iii), 2 - (iv), 3 - (i), 4 - (ii)

  5. 1 - (i), 2 - (iii), 3 - (iv), 4 - (ii)
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

H. A. Simon focused on behavioural model of rational choice. The idea of price behaviour of firms was given by A. Silberston. R. M. Cyert and J. C. March gave their idea jointly on a behavioural theory of the firm. Williamson developed the theory of managerial utility maximisation.

Keep practicing — related questions