Let the profit earned before commission was given to Charu be Rs. ‘100x’. Commission of Charu = 100x × 0.16 = Rs. 16x. Ratio of profit shares of Charu to Chetan = 15000:20000 = 3:4. Profit earned by Charu = (100x – 16x) × (3/7) = Rs. 36x. Profit earned by Chetan = (100x – 16x) × (4/7) = Rs. 48x. According to the question, 36x + 16x – 48x = 3000, Or, 2x = 3000, So, x = 1500. So, required profit = 1500 × 100 = Rs. 1,50,000
With the expected downturn in the economy, a bank anticipates its bad loans to increase by the end of the year. The bank decides to create extra provisi...
Non programmed decisions are most likely to be made by _________
A technique of decision-making which is a variation of the brainstorming technique, but is more structured in the sense that a group of experts is seate...
Which of the following is NOT a step in the rational model?
Which of the following is a Multiple Criteria Decision Analysis technique that presents a series of values in columns and rows that allow you to visuall...
Daniel Kahneman won the Nobel Prize in Economic Sciences in 2002 for which of the following theory?
Discussing a problem face to face with open mind by a group of selected persons is known as _________
When decision making is easy in an organisation due to the existence of rules, standardised processes and procedures which are to be followed, What type...
Which of the following is a decisional role that a manager usually performs as per Henry Mintzberg?
Which of the following cognitive skill(s) would be useful in Decision-making ?
I. Sustained attention
II. Memory
III. Pattern re...
