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.
§ 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.
The three main decision areas in business finance are:Investment decision,Financing decision and Dividend 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.
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.
CREATIVITY
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.
executive order
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.
No. He still needs approval from congress.
Committee is one of those topics that is vital that is going to require trained tending to on
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.
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.
true
Are made on a day-to-day basis and dont require a lot of time to think through. They can become a daly habit.
Guidelines and position statements
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.