Question
Two friends, Ramesh and Suresh, invested Rs. 42,000 and Rs.
39,000 in a venture. After 3 months, Mahesh joined them with an investment of Rs. 36,000. If the total profit at year-end was Rs. 18,000, what was Mahesh’s share?Solution
ATQ,
Ratio = (42000 × 12) : (39000 × 12) : (36000 × 9)
= 504000 : 468000 : 324000
= 14 : 13 : 9
Total = 36 parts
Mahesh’s share = 18000 × (9 / 36) = Rs. 4,500
Bounded Rationality is also referred to as ___________
Strategic decisions are _______
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 technique of decision making is a process in which a group of individuals generate and state ideas, but in which the rules prohib...
Programmed decisions address the _________ problems.
After a below normal monsoon season, the farmers suffered loss in the actual harvest for the year. The government released relief package for the farmer...
What is the first step in the decision-making process?
What do we call a group brought together from different functions and levels of an organization to consider ways in which the organization's activities ...
What does the final step, making the decision, involve?
Non programmed decisions are most likely to be made by:
