Question
A manager relying on previous successful decisions to
make current decisions may be influenced by which bias?Solution
Availability bias occurs when managers rely on information that is most readily available or recent, often based on past successful decisions, rather than considering all relevant information. This can limit the effectiveness of decision-making.
If the SP of book is 5 times of the discount. If percentage discount and percentage profit is equal. Then find the ratio of discount and CP?
- Rs. 870 was to be divided among D, E, and F in the ratio (1/2):(1/5):(1/3). By mistake, it was shared in the ratio 18:9:13. Find how much extra amount E re...
- The number of cats and dogs in a shelter are in the ratio 6:5. If the number of cats decreased by 24 and number of dogs increased by 6, their numbers would...
Pulses of two varieties, which are costing for Rs.26/kg and Rs.78/kg as they mixed together. when the price of the mixture obtained is Rs.54/kg then wha...
A boy is supposed to distribute Rs.4400 among his three friends P, Q and R in the ratio of 4:2:5 respectively, but mistakenly he distributed in the rati...
The ratio of two numbers is 5:4. A number y is then subtracted from each of the two given numbers so that the ratio of the resultant numbers becomes 2:1...
- In a school, class ‘M’ has girls equal to 80% of the boys. Class ‘N’ has 25% less boys than class ‘M’ and 20% more students overall. Find the r...
A invested a certain amount in Debt and Equity mutual funds in the ratio of 5: 6 respectively. At the end of one year, he earned a total dividend of 40%...
- Let’s assume, ‘p’ is directly proportional to ‘q’. Given that when p = 88, q = 44, calculate the value of ‘p’ when ‘q’ becomes 66.
Suppose 6A = 8B = 15C, then find the value of (A:B:C) .
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