Business Decision Making

BUSINESS DECISION MAKING

INTRODUCTION
With passage of time period business firms are facing many new business problems. It is
very difficult to solve them. In current time period managers are using advanced tools and
methods to solve the business problem. Statistics is the one of those advanced tools that is used
to identify root cause of business problem and eliminating same. In the current report various
statistical tools are applied on the cash flows and firm performance is measured. In middle part
of the report formal business report is prepared. At end of the report, project evaluation method
is used and viability of project is measured and comments are made on same. In this way entire
research work is carried out in the report.
TASK 1
1.1Colleciton of data for the research
In order to do a research it is very important to understand the research topic in better way.
In this regard it is necessary to collect both sort of data which are primary and secondary. There
is a lot of big difference in both sort of data in terms of use. Whenever, anyone intends to carry
out research on the specific topic it is inevitable to comprehend same completely. Until, on does
not understand the research topic completely he cannot carry out the research in systematic way.
In order to solve this problem usually researches gather both sort of data whether it is primary or
secondary in nature (Reimann and et.al., 2011). First of all in the present study secondary data
will be gathered from reliable sources. In this regard, books journal and magazines will be
reviewed. This will help researcher in identifying the developments that in respect to research
topic happened in previous years. After collecting secondary data primary data will be gathered.
In this regard questionnaire will be distributed among the respondents. In this regard appropriate
sampling method will be used by the researcher. By following that sampling method sample
units will be selected for the research. Questionnaire will be given to all respondents and in this
way primary data will be collected from the sample units. This is the entire process that will be
followed to collect primary and secondary data for the present study.
1.2 Sampling method and survey methodology
In the current research sample of the 50 people will be taken from the population.
Appropriate sampling method will be used to take appropriate decisions in respect to formation