Question
A vessel contains 160 litres of milk and water in the
ratio of 5:3. If 10 litres of milk is added to the mixture, then find the ratio of milk to water in the final mixture.Solution
The quantity of milk in the initial mixture = 160 × 5/8 = 100 litres The quantity of water in the initial mixture = 160 - 100 = 60 litres The ratio of milk to water in the final mixture = (100 + 10) : 60 = 110:60 = 11:6
What do we call a course of action purposely chosen from a set of options to achieve organizational or managerial objectives or goals?
Which of the following is NOT a step in the decision-making process for managers?
Decision making process first requires identification of problem. Which of the following types of problems can be considered here?
Which of the following is a common bias that can affect managerial decision-making?
Decision making is ____________
Why is it necessary to eliminate other solutions in the decision-making process?
Why is it crucial to clearly define the problem in decision-making?
The __________ management function is most closely related to decision making.
How can the SWOT analysis be useful in eliminating other solutions?
What is a potential drawback of relying solely on intuition when identifying possible solutions?
