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Behavioral approach is also known as descriptive approach and administrative model. This theory is proposed by Herbert A Simon, a well known economist, in which he attempts to explain how decisions are made in real life situations. A manager has to make decisions under different conditions and situations. Herbert Simon, the Nobel Prize winning researcher, showed that humans went through three essential stages in the act of problem solving and decision making. He called these the Intelligence, Design, and Choice stages.
A and B started a business with investments of Rs. 12,800 and Rs. 16,000, respectively. After a few months, C joined them with an investment of Rs. 9,60...
"Anurag" initiated a business with an initial investment of Rs. 1600. After 5 months, "Bittu" joined the venture by investing Rs. 1920. If the total pro...
Pawan, Yamini, and Zoya initiated a business with a total capital of Rs. 184,000. Yamini's and Zoya's initial investments were Rs...
Three Partners Chintu, Pintu and Bittoo invested in the ratio of 2/3, 3/2, 3/4 in a business. After 4 months Chintu increased his capital by 25%. If...
Determine the initial investment made by 'Adam' if both 'Adam' and 'Zampa' jointly invested Rs. 7000 in a startup business. After 7 months, 'Adam' added...
Radha started a dairy farm by investing Rs. 80,000. After 4 months, Krishna joined her, contributing Rs. 1,20,000 to the investment. At the end of one y...
‘A’, ‘B’ and ‘C’ started a business by investing Rs. 4,000, Rs. 4,800 and Rs. 3,200, respectively. After 6 months, ‘B’ decreased his inv...
'A' and 'C' started a business by investing Rs. 11,000 and Rs. 13,000, respectively. Seven months later, they invited 'B' to join the business who inves...
‘A’, ‘B’ and ‘C’ entered into a partnership by making investments in the ratio 5:6:9, respectively. At end of the year, if the difference be...
Aman, Bhanu, and Chikku jointly initiated a business with a total investment of Rs. 80,000, of which Aman invested Rs. 24,000. After 6 months, Aman adde...