a budget is not just a helper, it is essential.
Decision support system
the executive branch
A budget helps to allocate resources effectively in an operational plan, ensuring that expenses are controlled and revenue is maximized. It provides a roadmap for financial decision-making and helps to track progress towards operational goals. Additionally, a budget can help identify potential areas for cost savings or efficiency improvements within the operational plan.
Decision making helps the couple to plan. More over it gives the marriage a sense of direction and set responsibilities.
The importance of decision making is that it helps in planning for the next course of action. In business, good decisions will yield great returns on investment.
A prioritization matrix helps in decision-making by providing a structured way to evaluate and compare options based on criteria that are important to the decision. It helps in identifying the most important factors, making the decision-making process more objective and transparent. This tool can also help in allocating resources efficiently and ensuring that decisions are aligned with strategic goals.
As the frontline employees have more skill and experience in the industry they are suitable for decision making. Also they are the senior employees of the company that too helps in the decision making as they very well know the culture of the company.
A Decision Support System is widely used in the computer industry. It helps businesses and organizations with activities involving decision making and planning.
Mis helps in planning and controlling in an organisation but decision making means select a single alternative among all possible alternative.
true
Quantitative techniques in decision-making helps managers make decisions that are best for the organization. With numbers supporting decisions, managers can get the support of top management.
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