Question
A student multiplied a number by 8/5 instead of 5/8.
What is the percentage error in the calculation?Solution
Let the required number = (LCM of denominator 5 and 8) = 40 According to the question, Wrong answer = 8/5 times; 40 = 64 Correct answer = 5/8 times; 40 = 25 Required percentage of error = [(64 - 25)/25]times; 100 = 156%
Leaders use specific and different styles when contemplating decisions. One such style is the directive decision making style. Which of the following is...
Rational decision making is a multi-step process starting with defining the problem. What is the next step in this process?
How can the SWOT analysis be useful in eliminating other solutions?
The __________ management function is most closely related to decision making.
The pre-dispositioning theory of decision making was given by ___________
Rational decision making is relies on _______
Which bias in management involves the tendency to prioritize information that confirms pre-existing beliefs?
Which of the following is a feature of a Non-programmed decision?
Chandra is planning a team-building weekend trip and wants the trip to take place at Goa. However, he is unable to find a venue that can accommodate the...
In which decision-making technique do experts provide their opinions anonymously to avoid bias, and a consensus is reached after several rounds?