Question
 Mean salary of total 100 employees was given to be
800. Also, mean salary of male and female employees was 400 and 900 respectively. Find the percentage of female employees.Solution
Use formula of combined mean to find Nf / (Nf+Nm). Combined Mean = {Nm (400) + Nf (900)} / 100 800 * 100 = (100 – Nf) 400 + Nf 900 80,000 = 40,000 – 400 Nf + 900 Nf 40,000 = 500 Nf Nf = 80 % of female employees = 80/100 = 0.8 or 80%
How can the SWOT analysis be useful in eliminating other solutions?
How does a cost-benefit analysis contribute to selecting the best solution?
Decision making is ____________
Rational decision making is a multi-step process starting with defining the problem. What is the next step in this process?
_________ is a branched flowchart showing multiple pathways for potential decisions and outcomes.
Which of the following will not be a part of decision making process?
The __________ management function is most closely related to decision making.
When the decision maker chooses the optimal solution to a problem that maximises the outcome, after careful analysis, it is known as ________
How can involving a diverse group in the evaluation process enhance the selection of the best solution?
How does effective communication contribute to the decision-making process?
