Which of the following is/are not an assumption/s of the rational decision-making model?
I. The problem is clear and unambiguous.
II. A single well-defined goal is to be achieved.
III. Preferences change slowly.
IV. Final choice will maximize economic payoff.
[A]Only (I) above
[B]Only (III) above
[C]Both (II) and (III) above
[D](II), (III) and (IV) above
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