Multiple choice

Match the following.

 
List - I List - II
1. H. A. Simon (i) 1959
2. A. Silberston (ii) 1963
3. Baumol (iii) 1970
4. Cyert and March (iv) 1964

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

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

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

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

  5. 1 - (iii), 2 - (iv), 3 - (ii), 4 - (i)
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A Correct answer
Explanation

H. A. Simon introduced the theories of decision making in economics and behavioural science in 1959. A. Silberston suggested the idea about price behaviour of firms in 1970. Baumol gave the rules of thumbs and optimally imperfect decisions in 1964. R. M. Cyert and J. C. March introduced a behavioural theory of the firm in 1963.

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