Question
A person spends 10% of his income on groceries, 10% on
medicines, 20% on children’s education, 15% on house rent, and he saves the remaining amount. If his monthly income is ₹30,000, find his savings.ÂSolution
Expenses on groceries = 10% of ₹30,000 = 0.10 × 30,000 ⇒ Expenses on groceries = ₹3,000 Expenses on medicines = 10% of ₹30,000 = 0.10 × 30,000 ⇒ Expenses on medicines = ₹3,000 Expenses on children's education = 20% of ₹30,000 = 0.20 × 30,000 ⇒ Expenses on children's education = ₹6,000 Expenses on house rent = 15% of ₹30,000 = 0.15 × 30,000 ⇒ Expenses on house rent = ₹4,500 Total expenses = ₹3,000 + ₹3,000 + ₹6,000 + ₹4,500 ⇒ Total expenses = ₹16,500 Savings = ₹30,000 - ₹16,500 ⇒ Savings = ₹13,500 The savings are ₹13,500.
Which of the following is not a disadvantage of group decision making?
A plan that provides long-term, repetitive guidance for recurring activities and decisions within an organization is known as _____
What is a common barrier to accurately identifying a problem?
What types of a decision is one that is made before the occurrence of an external or internal change?
Which technique of decision-making involves generating multiple ideas in a group setting without criticism?
Which of the following type of decision making would involve the use of lists to note down the pros and cons?
Non-Programmed decisions address the _________ problems.
Why is it crucial to clearly define the problem in decision-making?
Which of the following is NOT a step in the decision-making process for managers?
As per bounded rationality, the decision making is limited by certain factors like cognitive limitations. Cognitive limitations refer to _____
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