Question
Which of the following accounting rules can roughly
estimate how many years a given sum of money must earn at a given compound annual interest rate in order to double that initial amount.Solution
The Rule of 72 is a simple way to determine how long an investment will take to double given a fixed annual rate of interest. By dividing 72 by the annual rate of return, investors obtain a rough estimate of how many years it will take for the initial investment to duplicate itself. However the Rule of 72 is reasonably accurate for low rates of return.
As per Herbet Simon’s bounded rationality theory, the decision made is ______ in nature.
The tendency to blame others when things go wrong, instead of looking objectively at the situation is known as __________ bias.
Which of the following is a decision-making model that focuses on using intuition and past experience?
What is the risk of choosing a solution solely based on personal preferences?
As per the behavioural theory of decision making by Herbert Simon, there are three essential stages in the act of problem solving and decision making. W...
A decision taken by a committee of a Board of a company is in nature of a __________?
Which of the following correctly defines decision making?
Non-Programmed decisions address the _________ problems.
How does prioritizing criteria contribute to selecting the best solution?
Which of the following is not a feature of Decision-making process?
