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The packages mall faces following situation, their monthly sales statement indicates an increasement in sale every month. Thus, manager is able to assume, that the company will get net profit this year (based on the sales trend for the past few months), without obtaining other information such as operational cost, change of taste in consumers and environment influence. Therefore, the manager assign probability that the packages mall will obtain profits is 65% and assign the probability make losses is 35%. Based on these probabilities, the manager will make a decision to increase investment. Identify the decision-making condition, under which manager take decision? Give reasons

The packages mall faces following situation, their monthly sales statement indicates an increasement in sale every month. Thus, manager is able to assume, that the company will get net profit this year (based on the sales trend for the past few months), without obtaining other information such as operational cost, change of taste in consumers and environment influence. Therefore, the manager assign probability that the packages mall will obtain profits is 65% and assign the probability make losses is 35%. Based on these probabilities, the manager will make a decision to increase investment. Identify the decision-making condition, under which manager take decision? Give reasons

Database System Concepts
Database System Concepts
7th Edition
ISBN:9780078022159
Author:Abraham Silberschatz Professor, Henry F. Korth, S. Sudarshan
Publisher:Abraham Silberschatz Professor, Henry F. Korth, S. Sudarshan
Chapter1: Introduction
Section: Chapter Questions
Problem 1PE
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The packages mall faces following situation, their monthly sales statement indicates an increasement in sale every month. Thus, manager is able to assume, that the company will get net profit this year (based on the sales trend for the past few months), without obtaining other information such as operational cost, change of taste in consumers and environment influence. Therefore, the manager assign probability that the packages mall will obtain profits is 65% and assign the probability make losses is 35%. Based on these probabilities, the manager will make a decision to increase investment. Identify the decision-making condition, under which manager take decision? Give reasons Mr. Waleed a manager in ABC organization decides to spend RS 10,000 on a magazine ad, believing there are three possible outcomes for the advertisement to have influence in their sales. First, 30% chance the advertisement will have only a small effect on sales, second 50% percent chance of a moderate effect, and third 20% chance of a very large effect. Identify the decision-making condition, under which Mr. Waleed take decision? Give reasons Samsung Electronics is a large company engaged in assembling of smartphone. Samsung conducted a research and determined, that an average worker can assemble 10 smartphones in a day. The company sets a target to assemble 1500 units of smartphone per day. Samsung Electronics is offering attractive allowances to reduce employee absenteeism and turnover, to keep all the workforce are happy. The company compared actual performance of each worker (observed through closed-circuit television) assembling of phones per day is 1300 units only. To identify the reason, that some of the workers were busy in gossiping. Identify and explain the function of management being discussed in the above lines.
Transcribed Image Text:The packages mall faces following situation, their monthly sales statement indicates an increasement in sale every month. Thus, manager is able to assume, that the company will get net profit this year (based on the sales trend for the past few months), without obtaining other information such as operational cost, change of taste in consumers and environment influence. Therefore, the manager assign probability that the packages mall will obtain profits is 65% and assign the probability make losses is 35%. Based on these probabilities, the manager will make a decision to increase investment. Identify the decision-making condition, under which manager take decision? Give reasons Mr. Waleed a manager in ABC organization decides to spend RS 10,000 on a magazine ad, believing there are three possible outcomes for the advertisement to have influence in their sales. First, 30% chance the advertisement will have only a small effect on sales, second 50% percent chance of a moderate effect, and third 20% chance of a very large effect. Identify the decision-making condition, under which Mr. Waleed take decision? Give reasons Samsung Electronics is a large company engaged in assembling of smartphone. Samsung conducted a research and determined, that an average worker can assemble 10 smartphones in a day. The company sets a target to assemble 1500 units of smartphone per day. Samsung Electronics is offering attractive allowances to reduce employee absenteeism and turnover, to keep all the workforce are happy. The company compared actual performance of each worker (observed through closed-circuit television) assembling of phones per day is 1300 units only. To identify the reason, that some of the workers were busy in gossiping. Identify and explain the function of management being discussed in the above lines.
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