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It depends on the situation/case at hand. If not decided on time, the result will either cause: lost of lives/love-ones or lost of opportunity/money. In both cases, the saying 'time is gold' holds true.
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∙ 14y ago
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Role of managerial economic in decision making?
The role of managerial economics in decision making is to help in the analysis of economic trends which will be used in making critical decision. This will focus on past, present and future economic patterns.
When you study individual markets or consumers?
When you study individual markets or consumers, this is known as thermodynamics. This evaluates the market scope and trends and is useful for making critical decision for the business.
Elaborate the cost concept is important for decision making?
Cost concept for Decision making ?
How do you think good decision making contributed to the success of NASCAR?
A good decision making that contributed to the success of NASCAR was A good decision making that contributed to the success of NASCAR was
What are the economic tools of managerial decision making?
what are the economic tool which help manager in decision making
What role does critical thinking play in decision making?
what role did critical thinking play in making that decision
What step is most critical in the systemic decision making process?
Assessment and re-assessment are the two most critical steps in the systemic decision making process.
How many steps are there in the critical decision making method?
7
Role of managerial economic in decision making?
The role of managerial economics in decision making is to help in the analysis of economic trends which will be used in making critical decision. This will focus on past, present and future economic patterns.
How many steps in the critical decision making method us army?
Seven Steps
How is critical thinking beneficial in the decision making process?
It guides one to right chioces.
Which is the most important step in the decision making process?
Issue identification
Can you give me a sentence using the word critical?
It is critical to carefully consider all the information before making a decision.
Is it true critical evaluation is helpful in many personal and societal decision-making processes?
true
What critical skills does alcohol affect?
Risk management, decision making, motor skills, perception.
What is the importance and benefits of critical thinking in the decision making process?
Critical thinking ensures that the decision is not been made without thinking through various other possibilities. Without critical thinking you will not be able to think of alternatives and various non-obvious scenarios.
Which of these is not a critical point about an employer's decision-making process?
employers always hire the right person for the job
