Many sophisticated techniques or tolls are useful in decision-making. Which of the following is a tool that helps managers figure out how much to produce and points out the relationship between revenues, costs, and profits?

Related MCQs

• Which of the following is important in effectively implementing the chosen alternative in the decisionmaking process?
• If there is low formalization, a comprehensive information network and high participation in decisionmaking, one would expect…………….
• Stoner and others have shown how groups can make decisions that are much less, or much more, cautious that any member would take alone. What are these changes called?
• Which of the following is/are advantage(s) of a functional structure? I. Permits growth and diversity of products and services. II. Power and prestige. III. Clarity about career paths. IV. Furnishes measurable training ground for general managers.
• In the Union Budget, profits from public sector undertakings are taken under
• Super normal profits occurs when
• Plant managers come under which of following management levels?
• Which of the following techniques uses variables such as price and promotional expenditures, which are related to product demand, to predict demand?
• If a solution to a particular problem is not vital to the functioning of an organization and management is willing to overlook the causes of the conflict, managers may choose to use which type of conflict resolution?
• The managers of a multinational company are located in France, India, Brazil, and the United States. Which decision-making technique seems most reasonable for this organization?