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Decisions are directly related to trade offs because what one person chooses can have an effect on outcome. Trade-offs may need to be analyzed carefully if there are risks involved.
- For every decision you make their is a trade-off, because you always have to give something up in exchange for another decision.
Bonnie Monahan
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What is relationship of between planning and decision making?
what is the relationship between decision making and planning.?
Is it true that A decision matrix is a useful tool when applying the tradeoff study process to analyze alternatives.?
True
Is it true or flase that a decision matrix is a useful tool when applying the tradeoff study process to analyze alternatives.?
true
What is relationship between lay out decisions capacity decision and scheduling?
what relationship exists among the layout decisions,capacity decisions and scheduling
What is the relationship between financial decision making and risk and return?
plz quote me the answer of the above question
What tradeoff occurs when a consumer is gathering information for a purchasing decision?
Loss of time and effort to spend on other activities happens when you are attempting to gather information.
What is the relationship between a policy and a decision?
A policy is more general. It is a guide line that you go by all the time. A decision would apply to a specific case.
Is the statement 'Society faces a short-run tradeoff between inflation and unemployment' positive or normative?
positive
What is the relationship between decision variables and the objective function?
In optimization models, the formula for the objective function cell directly references decision variables cells. In complicated cases there may be intermediate calculations, and the logical relation between objective function and decision variables be indirect.
Decision reached when both sides give in a little?
A decision that is reached when both sides give is called a compromise. This is the basis of any good relationship between two people.
Difference between opportunity cost and a tradeoff?
Opportunity cost is that amount which is to forego by adapting different mutual exclusive investing opportunities while tradeoff value is the exchange value of old asset while purchasing same new asset.
Guns and butter are used to represent the classic societal tradeoff between soending on?
Guns and butter used together represent investopedia. This is between the two.
