Question
Give below are two statements: Statement - I:
The terms of trade of a nation are defined as the ratio of the cost of its export commodity to the price of its import commodity. Statement - II: The terms of trade of the trade partner are equal to the inverse of the terms of trade of the other nation. In the light of the above statements, choose the correct answer from the options given below:Solution
The terms of trade of a nation are defined as the ratio of the price of its export commodity to the price of its import commodity. The terms of trade of the trade partner are equal to the inverse of the terms of trade of the other nation.
When a manager takes inputs from his team members before taking a decision, he is referred to as ______
Rational decision making is a multi-step process starting with defining the problem. What is the next step in this process?
The Delphi technique of decision making was developed by _________
Which of the following technique of decision making is a process in which a group of individuals generate and state ideas, but in which the rules prohib...
Which of the following is the first step in decision making?
A plan that provides long-term, repetitive guidance for recurring activities and decisions within an organization is known as _____
Which of the following decision making style has low tolerance for ambiguity and is task oriented?
What is the purpose of evaluating the feasibility of possible solutions?
As per Mintzberg, a manager can perform 4 types of decisional roles. Which of the following is not one of them?
________ decision theory is concerned with how people actually make decision.
