Question
X and Y enter into a partnership with capital in the
ratio 3: 5. After 5 months X adds 50% of his capital, while Y withdraws 60% of his capital. What is the share (in ₹ lakhs) of X in the annual profit of ₹ 6.84 lakhs?Solution
Let X's and Y's initial investment for the first 5 months be 30 and 50 After 5 months, X's capital for next 7 months = (150/100) × 30 = 45 Y's capital for next 7 months = (40/100) × 50 = 20 (X's profit)/(Y's profit) = [(30 × 5) + (45 × 7)]/[(50 × 5) + (20 × 7)] ⇒ (150 + 315)/(250 + 140) ⇒ 465/390 ⇒ 31/26 Total profit = 30 + 26 = 57 units ⇒ (X's profit)/(Total profit) = 31/57 ⇒ (X's profit)/6.84 = 31/57 ⇒ X's profit = (31/57) × 6.84 ⇒ X's profit = 3.72
Which of the following is not an attribute of useful information?
Which bias in management involves the tendency to prioritize information that confirms pre-existing beliefs?
The __________ management function is most closely related to decision making.
Decision making is an important part of management functions. Which of the following functions it is most closely related to?
As per the behavioural theory of decision making by Herbert Simon, there are three essential stages in the act of problem solving and decision making. W...
________ decision theory is concerned with how people actually make decision.
The behavioural theory of decision making was given by _________
What is the role of data and information in the selection of the best solution?
What can be a consequence of not eliminating other solutions before making a decision?
__________ emerges when decision makers have limits on their ability to assimilate large amounts of information.
