Question
In a mixture of 45 litres, the ratio of wine to water is
2 : 3. If this ratio is to be 1 : 3, then what is the quantity of water needed to be added?Solution
Quantity of wine in the mixture = 45 × 2/5 = 18 litres Quantity of water in the mixture = 45 × 3/5 = 27 litres Let x liters water be added to the mixture then, 18/(27+ x) = 1/3 54 = 27 + x x = 54 - 27 = 27 litres
Which of the following is a not feature of a programmed decision?
What type of bias relies too heavily on one piece of information in making a final decision?
Which of the following best describes a decision tree?
Which of the following is a common bias that can affect managerial decision-making?
In which decision-making technique do experts provide their opinions anonymously to avoid bias, and a consensus is reached after several rounds?
Decision Matrix is a type of __________ technique of decision making.
Which of the following is not a feature of a strategic decision?
As per Herbet Simon’s bounded rationality theory, the decision made is ______ in nature.
Why is it important to communicate the decision to relevant stakeholders?
A decision taken in response to a problem that has already taken place, is known as _____________
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