Incomeis aflow conceptbecause it is measured over a period of time (length of time). Circular/low ofincomerefers to continuous circularflowof moneyincome. Theconceptsof stock andfloware used in more in macro economics or in the theory ofincome, output and employment. Money is a stock variable, whereas the spending the money is aflowvariable. Wealth is stock,incomeisflow, saving by a person within a month isflow, while the total saving on a day is stock.
A phenomenon in which decision is taken by a group that conforms to majority opinion to maintain group harmony, is known as ____________
Why is it crucial to clearly define the problem in decision-making?
Which of the following theory presents how people take decision when presented with alternatives that involve risk, probability, anduncertainty?
How does brainstorming contribute to identifying possible solutions?
What is the purpose of evaluating the feasibility of possible solutions?
The __________ management function is most closely related to decision making.
What do we call a group brought together from different functions and levels of an organization to consider ways in which the organization's activities ...
Which of the following is not a feature of Decision-making process?
Which of the following style of decision-making is likely to conflict with bounded rationality theory?
As per Mintzberg, a manager can perform 4 types of decisional roles. Which of the following is not one of them?
