Question
X and Y invested Rs. 20000 and Rs. 30000 respectively
into a business. After 4 months, Z joined them with Rs. 25000. If the total profit at the end of the year is Rs. 11000, how much profit could Z have earned at most?Solution
ATQ,
To earn the maximum share, Z should join immediately after 4 months. Profit ratio of X:Y:Z = (20000 × 12):(30000 × 12):(25000 × 8) = 240000:360000:200000 = 24:36:20 Total ratio = 24 + 36 + 20 = 80 Z’s maximum profit = 20/80 × 11000 = Rs. 2750
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Which of the following style of decision-making focuses on long term?
In the decision-making process, which of the following is the most essential element required?
What is the role of data and information in the selection of the best solution?
When a manager takes inputs from his team members before taking a decision, he is referred to as ______
Which of the following decision theory is concerned with how people actually make decision?
Why is it important to consider ethical implications when identifying possible solutions?
Which of the following describes the role of a manager as a disturbance handler in decision-making?
Which of the following will not be part of Rational decision making?