Question
Manish is going on a vacation and needs to book a hotel.
He shortlists 3 hotels and is now comparing them on basis of cost, facilities available and proximity to tourist sites. Which step of decision making is Manish performing?Solution
The steps in decision making include: · Identification of the problem or goal · Identification of criteria and importance of those criteria · Generate alternatives/ Identify alternatives · Gather evidence and evaluate alternatives · Select 'best' alternative i.e. take decision · Review of the decision Here, Manish has already identified the alternatives (shortlisted 3 hotels) and is now evaluating them based on his criteria (cost, facilities available and proximity to tourist sites).
How many financial centres were researched for the Global Financial Centres Index (GFCI) 33 edition?
The IFSCA shall consist of a Chairman and one Member each to be nominated by_______________________
Which of the following is NOT a duty of a trustee under the Indian Trusts Act, 1882?
The process of spreading investments across different assets or securities to reduce risk is called:
A company earned net profits of Rs. 150,000 during the year. If the amount of debtors in the beginning and the end of the year is Rs. 1,10,000 and Rs. 1...
When can interest realized on NPAs be taken to the income account?
What is the risk weight assigned to CRE-RH loans?
In the ‘recency error’ of performance appraisal, the rating manager gives?
_______________ mean a company incorporated in India seeking to raise capital in foreign currency other than Indian rupee which has obtained requisite a...
The Ministry of Agriculture and Farmers’ Welfare, along with NABARD, recently launched a web portal to streamline and expedite the process of settling...
Relevant for Exams:
