Question
The propensity of a decision maker to be influenced by
the manner in which the information is presented to him/her is known as ________Solution
Framing effect is an example of cognitive bias, in which people react to a particular choice in different ways depending on how it is presented. For example, a salesperson promoting a product would much rather claim ‘85% of customers were satisfied with the product’ than admit ‘15% of customers were dissatisfied’. But the two statistics actually convey the same information.
One of the network techniques used to decide the l ogical sequence in which various activities will be performed in a project is CPM. What does CPM stan...
Decision making is an important part of management functions. Which of the following functions it is most closely related to?
Which of the following is an intuitive decision?
When the decision making is completely left to the team members, it denotes _______ style of management.
Which of the following refers to rules of thumb strategies that shorten decision-making time and allow people to function without constantly stopping to...
From the following list who is/are NOT stakeholder/s in an organisation?
i. ShareholdersÂ
ii. Employees
iii. Investors and lenders...
The sales head is setting the sales target of the month for each team member. This is a ________ decision.
Which of the following describes the rational decision model?
A manager's freedom to make totally rational decisions is restricted by internal and external environmental factors and by the manager's own characteris...
The President in India is elected by the members of an electoral college consisting of the elected members of both the Houses of Parliament and the elec...
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