Which of the following decision theory is concerned with how people should make decision?
Normative models suggest how people should make decisions while descriptive models describe how people actually make decisions. Descriptive models introduce the concept of satisficing.
A and S commenced a business with capitals of Rs. 15,000 and Rs. 13,500, respectively. After 9 months, they withdrew one third of their capital. Determi...
A and B started a business by investing sum in the ratio 4:5 respectively for 9 and 12 months respectively. If annual profit earned by B is Rs.1300, the...
L and M entered into a partnership by investingRs. 15,000 and Rs. 10,000 respectively. After 3 months, L withdrew Rs. 3,000, while M invested Rs. 4,000 ...
A invest twice the sum invested by B and withdraws half of sum after 5 months and again withdraws half of the remaining sum after 6 months. Find ratio o...
A and B entered into a business investing Rs. (x + 80) and Rs. (x – 40) respectively. After one year they invested Rs. 50 more and Rs. 150 more re...
‘A’ started a business by investing Rs. 2500. Four months later, ‘B’ joined by investing Rs. ‘x’. If at the end of t...
‘A’ started a business by investing Rs. 2000. Four months later, ‘B’ joined by investing Rs. ‘x’. If at the end of the year ‘B’ received...
Raj invested Rs.42000 in a business. After 4 months, Rohan joins him with an investment of Rs.P. If at the end of the year the profit is Rs.58000 and pr...
'Ashish' started a business by investing Rs.15,000. 'm' months later, 'Arjun' joined him by investing Rs. 10,000. 4 months after joining the business, '...
Raj invested Rs.45000 in a business. After 4 months, Rohan joins him with an investment of Rs.P. If at the end of the year the profit is Rs.65000 and pr...
