Question
An article is bought for Rs. 960 and sold at a loss of
12.5%. What is the selling price?Solution
ATQ, Loss% = 12.5% = 12.5/100 = 1/8 Loss = (1/8) of 960 = 960 Γ· 8 = 120 SP = CP β Loss = 960 β 120 = 840
How can involving a diverse group in the evaluation process enhance the selection of the best solution?
Decision making is an important part of management functions. Which of the following functions it is most closely related to?
How can collaboration with diverse teams enhance the identification of possible solutions?
Decision Matrix is a type of __________ technique of decision making.
The tendency to blame others when things go wrong, instead of looking objectively at the situation is known as __________ bias.
The synectics technique of problem solving that focuses on innovative and creative ideas to arrive at a consensus solution, was given by _____
Which of the following is not a feature of Decision-making process?
As per bounded rationality, the decision making is limited by certain factors like cognitive limitations. Cognitive limitations refer to _____
How does effective communication contribute to the decision-making process?
An employee forgoes promotion to avoid transfer to another city. This is a type of ________