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What does a decision require?

Updated: 9/18/2023
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Q: What does a decision require?
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Bankrupcy explanation letter?

A bankruptcy explanation letter is a letter that lenders or creditors require in order to issue credit. Depending how long ago and the situation, it may not be a factor in a lending decision.


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.


What are the three main decision areas in business finance?

The three main decision areas in business finance are:Investment decision,Financing decision and Dividend decision


Distinguish between a firm's capital budgeting decision and financing decision?

~The decision about which assets to buy is termed the capital buygeting or inverstment decision. The cesision about how to raise money is the financing decision.


What is sound fincanical decision?

A sound financial decision is a decision in which benefits the person directly responsible for the decision and sometimes those indirectly involved. An example of a sound financial decision might be investing in a stock that does well.

Related questions

What do Custom made decision require?

CREATIVITY


How Much Time It Will Take For Me To Get The Final Decision?

The decision will be instant when you submit your business loan application. In a couple of cases, the lenders additionally require some facts from you before they make a decision.


Who If a president believes that emergency conditions require a quick decision regarding an agreement with another country which tool allows him to make a decision without Senate approval?

executive order


What is programmed decision?

A programmed decision is a repetitive and routine decision that can be resolved using policies, rules, or standard operating procedures. These decisions are typically well-structured and solved through established guidelines without requiring much creativity or judgment.


If a president believes that emergency conditions require a quick decision regarding an agreement with another country he can make a decision without Senate approval via .?

No. He still needs approval from congress.


What difference engagement and decision by committee?

Committee is one of those topics that is vital that is going to require trained tending to on


How are ethical decisions reasoned out?

There are many different situations which require ethical decisions. Sometimes the decision is extremely obvious, and in some cases it is extremely complex. You have to consider all the consequences of a decision, both good and bad, if you wish to assess the ethics of the decision.


What type of decision is an ex parte?

An ex parte decision is a decision made by a judge without requiring all parties involved in a legal proceeding to be present. It is typically made in urgent or emergency situations where immediate action is necessary to protect a person's rights or interests.


Severe time constraints may require crisis participants to pass information verbally including the decision to commit forces?

true


What is the routinization of decision?

Are made on a day-to-day basis and dont require a lot of time to think through. They can become a daly habit.


The six step decision-making model for determining nursing scope of practice does not require a nurse to consider?

Guidelines and position statements


What is the MIS?

An information system that integrates data from all the departments it serves and provides operations and management with the information they require and helpful in decision making.