Showing posts from May, 2021Show all

Theories of Decision-making

Normative Decision Theory: It is a classical approach to decision-making. This theory identifies the best decisions by selecting one perfect decision-maker who has perfect knowledge, rationality and accuracy in taking the best decisions. This theory also focuses on pra…

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Errors and Common Biases in Decision-making

Availability Bias: Under this bias, the decision-maker makes his decisions and judgements on the basis of the information, data and facts that are freely and easily available, then it can be remembered easily which helps in decision-making. Overconfidence Bias: This …

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Decision-making Process

The decision-making process was designed by Herbert Simon. The model comprises three distinct elements which are as follows: Intelligence: This refers to raw data which is gathered and probed. This data helps in identifying the problem which requires decision-making. I…

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Types of Management Decisions

Routine Decisions: These are the day to day decision taken by low level and middle-level managers. They are taken after analysing the already laid procedures, rules and policies. The middle-level managers use the standard policies set by the top-level management as a …

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Rail Transport in India

The first passenger train in India was started by Lord Dalhousie, Governor-General of India on April 16, 1853, between Bori Bunder, Bombay, and Thane covering a distance of 34 km. Indian Railway was nationalised in 1951 and presently, it is the largest Railway Netwo…

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Mintzberg Management Roles

Mintzberg has propounded various roles that a manager has to fulfil. These roles were published in his book 'Mintzberg on Management: Inside our strange world of organisations" in the year 1990. The 10 roles of a manager are enlisted below. Inter-personal Role…

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Photosyntheisis - Equation of the Overall Process

Photosynthesis means synthesis of food with the help of sunlight. The overall equation of photosynthesis is Photosynthesis process takes place only in green parts of the plant, mostly in leaves and to lesser extent in green stems or floral parts of the plants. Lea…

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Vitamin - Function, Deficiency and Sources

Vitamin Function Deficiency Sources A-Retinol For normal growth in children. To maintain conjunctiva aids in night vision. To maintain skin and mucous membrane. Roughness and dry skin. Inability to see in dim light. X…

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Levels of Management

Levels of management can be divided into three types, they are Operational level management Middle-level management and Top-Level management. Each of these types of levels of management discussed below in brief. Operational Level Management: They have the following re…

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Do You Know: Various Instruments of Financial Market

Zero Coupon Bonds (ZCB) Zero Coupon Bonds (ZCB) are issued at a discount to face value. They don't provide for any payment of interest during the currency of the bond but it pays the face value in the maturity. For example a bond of face value of Rs. 100 can be i…

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Introduction to Indus Valley Civilization (Harappan Civilization) from 2350-1750 BC

Indus Valley Civilization (2350-1750 BC) is also called as Harappan civilization because Harappa was the first site to be excavated in 1921 under the supervision of Daya Ram Sahni . The known extent of the civilization in the west is upto Sutkagendor in Baluchistan;…

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Gandhian Principles and Western Liberal principles

Gandhian Principles Articles 40, 43, 45, 46, 47 and 48 of Indian constitution are Gandhian principles. Article 40: Organisation of village panchayats Article 43: To promote cottage industries. Article 45: The state shall endeavour to provide early childhood ca…

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The Advent of European Companies in India

In 1453, land routes were blocked by Ottoman Turks. So, new sea routes discovered by the Europeans to promote their business. Colombus of Spain discovered America where as in 1498, Vasco-da-Gama of Portugal discovered India. He came to India via Cape of Good Hope (A…

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How to identify Calculator is Programmable or Non-Programmable Calculator ?

view full post here  https://www.vrcworks.net/2022/01/how-to-identify-calculator-is-programmable-or-non-programmable-calculator.html Some competitive examinations allow the use of a calculator but may permit to use of only a calculator of the non-programmable type. …

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Flood and Drought Affected Areas in India

In India, the regional and seasonal distribution of rainfall is uneven. On the one hand, Jaislamer receives less than 9 cm of annual rainfall and on the other hand, Mawsynram, near Cherapunji, receives more than 1140 cm of annual rainfall. Similarly, most of the rain…

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Jute Textile Industry in India

Jute is obtained from the Bark of the jute plant stem and it grows best in well drained sandy loam and requires warm and humid climate. It requires temperature more than 25° C and rainfall of more than 150 cm per annum. The fibre of jute is mainly cultivated in the …

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Indian Classical Dances - Bharatanatyam, Kathakali , Kathak, Kuchipudi, Odissi, Sattriya

Indian classical dance for various codified art forms rooted in sacred Hindu musical theatre styles. Rig Veda refers to nritya (dances) and dancers. Natyashastra gave complete details about techniques and forms of dances. Indian Classical Dances Recognised by San…

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