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by using a time machine.
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∙ 13y ago
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What is other-directed decision making?
Other directed decision making is a key component to making what you may consider the right decision at the time it needs to be made. the key is to be objective to all options.
What are the limitations of financial management?
Financial Statements Are Derived from Historical Costs. ... Financial Statements Are Not Adjusted for Inflation. ... Financial Statements Do Not Contain Some Intangible Assets. ... Financial Statements Only Cover a Specific Period of Time. ... Financial Statements May Not Be Comparable. ... Financial Statements Could be Wrong Du
Issues in strategic decision making?
§ A company would have different people in decision making at different periods of time. Decision often require judgments and thus is important to note that the person related factors are important in decision making and the decision make differ as that person changes. § Again an individual does not take decisions alone. But often there is rumble in decisions, which could be between individual and group decision making. The decision taken by the group could be different from those that may be taken by the individual themselves. § The company would need to decide on what criteria it should make its decision. Thus it need a process of objective setting, which serve as benchmarks for evaluation of the efficiency and effectiveness of the decision making process. There are three major criteria in decision making- the concept of maximization, - the concept of satisfying, -the concept of instrumentalism. Based on the chosen concept, Strategic decisions will differ. § It is assumed that decision making is logical and thus there will be rationality in the decision making. In the context of Strategic decision making, it means that there would be a proper evaluation and then exercising a choice from among various alternative courses of action in such a way that it may lead to the achievement of the objectives in the best possible manner. § As the situations are complex, straightforward thinking may not be effective. Creativity in decision making may be needed, thus the decision must be original and different. But also based on situation and circumstances there could be variability in decision making.
Are instant approval credit cards avalible?
There are hundreds of instant approval credit cards available on the internet. I caution not to be in too big of a hurry making such a big financial decision. There is nothing wrong with getting instant approval, but do take your time reading the terms and conditions of the card you are applying for.
What makes my credit rating increase?
By making on or before time payment of your financial liabliliies.. like EMI's, credit card payments etc..
What is the relationship between financial forecasts and decision making?
Financial Forecasting is predicting how much profit or turnover you will make over X amount of time, where as decision making is something completely different. E.G should we employ any more staff this quarter
What is the importance of time value of money in financial decision making?
The importance of time value of money in financial decision making is because money in your today is worth more than the sum at a future date. If you take the money you have today and invest it, you will have more money in the future than if you wait to take the money.
What is other-directed decision making?
Other directed decision making is a key component to making what you may consider the right decision at the time it needs to be made. the key is to be objective to all options.
If limited time is a factor in decision making it is preferable to have a blank make the decision?
individual. It takes too much time for a group to reach a decision.
What is buying decision process?
Buying decision process regards the period between considering whether to buy something up until the time one pays for it. During this process, a person considers the benefits of the product and the financial effect making the purchase will have on their finances.
What are limitations of financial management?
Financial Statements Are Derived from Historical Costs. ... Financial Statements Are Not Adjusted for Inflation. ... Financial Statements Do Not Contain Some Intangible Assets. ... Financial Statements Only Cover a Specific Period of Time. ... Financial Statements May Not Be Comparable. ... Financial Statements Could be Wrong Du
What are the hurdles in creative decision making?
>Lack of cooperation within the decision making team itself>Planning>Technical knowhowitself>Resources>Time consumption
What are the limitations of management?
Financial Statements Are Derived from Historical Costs. ... Financial Statements Are Not Adjusted for Inflation. ... Financial Statements Do Not Contain Some Intangible Assets. ... Financial Statements Only Cover a Specific Period of Time. ... Financial Statements May Not Be Comparable. ... Financial Statements Could be Wrong Du
What does judgment reserved mean?
Delayed making a decision till a later time.
Challenges facing managers in regards to decision making?
Opinions may vary. One challenge that faced managers is making the right decision to a tough problem given a limited time.
When you introduce alcohol and other drugs into the driving decision making process the decision making process speeds up is it true or false?
False. Alcohol in particular will increase your reaction time.
How is personal disciple essential in terms of time management personal habits and decision making?
Personal discipline is essential in terms of time management, personal habits, and decision-making because this trait is responsible for accomplishing anything in these areas.
