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When would Permanent current assets not be a factor in a manager's decision making process?
Wiki User
∙ 14y ago
When they are long term in nature
Wiki User
∙ 14y ago
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Decision making is the primary task of the manager- Comment?
Decision making is part of life in everybody's day to day life. For managers, decision making is one of the primary tasks. Management comprises of the following tasks : POSDCORB - Planning, Organizing, Staffing, Directing, Co-ordinating, Reporting and Budgeting. Management is a dynamic process. In very process, the decision of a manager has the impact on the result. Managemnet is a social organ, the decision by the manager affects the society as a whole. A manager needs to take decision on so many circumstances like under certainity and uncertainity. Every decision he makes has the consequences on the development of the company.
What are the six stages of investment decision making process?
with the aid of appropriate diagrams, explain the six stages of investment decision making process
Why do managers need to understand the process of learning and development?
Managers need to understand the process of learning and development because they are charged with teaching and helping employees to learn. When they understand the way that employees learn, they become more effective teachers.
Work in process current assets?
yes work in process is current account and shows inventory of those items which are in process of manufacturing in factory.
Why is financial management important even if it is not in your line of work?
Financial Management deals with acquisition of funds for investment purposes and its wisely allocation of that funds. It is important to know Financial Management because we are involved in the process of making decision on Financial Planning,Control and Decision making in our firms as Managers.So we need to have knowledge of Financial Management for assisting us being best managers.
When Permanent current assets are not a factor in a manager's decision making process?
long term in nature
Where does decision making resides?
Decision making is the final steps before operation and after plan. The management ,managers, high officials usually take part in the process of decision making.
Merits of centralization?
In centralized organizations managers are in the know. They are aware of things that are going on in the organization because they are a part of the decision process.
Why is research necessary to assist managers in the decision making process?
By first doing research, managers can be sure that their decisions are based on actual data (and not guesswork) and that their decisions are relevant to actual market forces (and not only their imagination).
What are the characteristics managers?
Management refers to the process of organized activities and groups of people achieving a common objective, such as organizational goals. The process of management involves decision making at all levels.
Managerial decision types?
There are two types in connection with the managerial decisions , they are :- 1. Vertical managerial decision , 2. Horizontal managerial decision. 1. Vertical managerial decision this means that the decisions are taken vertically that is from top level to bottom level. The top level managers will take the decisions and pass it towards the middle level and thy will pass it to the bottom level , there will be no consideration for the bottom level managers to play in the decision making process. The power will vested only with top levels. 2. Horizontal managerial decision here the top level managers will consider the ideas and suggesion from the bottom level before taking a decision.
Incident managers being planning for the demobilization process?
Incident managers begin planning for the demobilization process when?
What is the stage of the planning process managers should weigh the advantage's disadvantage's and potential effects of each alternative goal and plan?
Managers should examine alternatives before they determine their course of action. Without examining alternatives they may make a bad decision.
What criteria will guide your decision process as you consider your next opportunity?
The best way to make a decision is by performing a loss-profit analysis. Managers and economists know to choose that option which tends to maximize their profit or minimize their loss, relative to the other choices.
What are the steps involved in business research decision making process?
Managers research their options by research alternatives for their solutions. Once they have identified a number of alternatives, they choose the best one for their business.
What does business decision making process have to do with operation research?
When managers have to make decisions it should be based on thorough research. With operations research, management can implement the best actions based on their research.
What is the outcome of the decision process?
It is impossible to tell the outcome of the decision process without knowing more information. One can assume, however, that the outcome of the decision process is, in fact, a decision.
