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A decision is made at the margin when each alternative considers .?
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What decisions are made at the margin when each alternative considers?
Where the most costly alternative will be
When deciding between two alternatives an indiviual considers?
When deciding between two alternatives an individual considers the pros and cons of each option. It is a good idea to make a list of the pros and cons and then make a decision based on the alternative that has the most pros.
Rational comprehensive theory of decision making?
The Rational Comprehensive theory of decision making is not to be confused with rational choice theory. The Rational Comprehensive Theory of decision making is a theory that when perceived as how decisions should be made is normative and when viewed as how decision are made is empirical. The Rational Comprehensive theory of decision making has six key elements. First, the decision maker is faced with a problem which can be isolated from other problems or at the minimum can be significantly considered in comparison to them. Secondly, the goals, values, and objectives motivating the decision maker are explicit and can be ranked according to importance. Thirdly, the alternative methods for dealing with the problem are scrutinized. Fourthly, the outcomes of each alternative (i.e. costs/benefits and advantages/disadvantages) are examined. Fifthly, each alternative along with its attendant outcomes is then compared with the other alternatives. The decision maker will choose the alternative, and its outcome, that maximizes attainment of his/her goals, values, and objectives (this is call optimization). The Rational comprehensive decision making theory has been criticized for its implausibility being such that it demands far more than is intellectually possible ignoring the decision makers probable lack of information, limited knowledge of costs/benefits of an alternative/limited ability to appraise all costs/benefits, difficulty in defining the problem at hand in the first place, and inapplicability to collective decision making where all values, beliefs, and objectives are not in perfect accord. Furthermore, sunk costs are often an issue affecting decision making and complicating the consideration of many alternatives impede on the fundamental idea of rational comprehensive decision making which demands consideration of ALL possible alternatives. In short, it is mostly viewed as unrealistic and idealistic.
Will two companies with the same margin of safety in dollars also have the same total contribution margin?
They may, but not necessarily. These two factors are not inexorably linked to each other.
Contribution margin is equal to fixed costs minus variable costs?
No... The contribution margin is the dollar amount of each unit of output that is available first to cover fixed costs and then to contribute to profit.
What decisions are made at the margin when each alternative considers?
Where the most costly alternative will be
When deciding between two alternatives an indiviual considers?
When deciding between two alternatives an individual considers the pros and cons of each option. It is a good idea to make a list of the pros and cons and then make a decision based on the alternative that has the most pros.
What step in decision-making compares alternatives and takes into consideration the potential outcome of each alternative?
Jesus!
What is Two major models of decision-making?
the major model of decision making that assumes the decision maker will be rational, systematic, and logical in assessing each alternative is rational economic model.
What are plates moving toward each other?
Plates that move toasted each other are detractive plates meeting at a destructive margin. If a continental and an oceanic plate move towards each other, earthquakes and volcanoes occur, this is called a subduction margin, but if the plates are both continental then fold mountains form this is a collision margin
What are some disadvantages of using case structures to program multiple alternative decisions?
Using case structures becomes difficult when programming multiple alternative decisions. Instead of listing each of the steps and executing them individually, it is easier to make decision structures and loops.
What is the text printed in the top margin of each page in excel?
header
Rational comprehensive theory of decision making?
The Rational Comprehensive theory of decision making is not to be confused with rational choice theory. The Rational Comprehensive Theory of decision making is a theory that when perceived as how decisions should be made is normative and when viewed as how decision are made is empirical. The Rational Comprehensive theory of decision making has six key elements. First, the decision maker is faced with a problem which can be isolated from other problems or at the minimum can be significantly considered in comparison to them. Secondly, the goals, values, and objectives motivating the decision maker are explicit and can be ranked according to importance. Thirdly, the alternative methods for dealing with the problem are scrutinized. Fourthly, the outcomes of each alternative (i.e. costs/benefits and advantages/disadvantages) are examined. Fifthly, each alternative along with its attendant outcomes is then compared with the other alternatives. The decision maker will choose the alternative, and its outcome, that maximizes attainment of his/her goals, values, and objectives (this is call optimization). The Rational comprehensive decision making theory has been criticized for its implausibility being such that it demands far more than is intellectually possible ignoring the decision makers probable lack of information, limited knowledge of costs/benefits of an alternative/limited ability to appraise all costs/benefits, difficulty in defining the problem at hand in the first place, and inapplicability to collective decision making where all values, beliefs, and objectives are not in perfect accord. Furthermore, sunk costs are often an issue affecting decision making and complicating the consideration of many alternatives impede on the fundamental idea of rational comprehensive decision making which demands consideration of ALL possible alternatives. In short, it is mostly viewed as unrealistic and idealistic.
Explain FIVE factors that may trigger for systems to be investigated for subsequent development?
The decision theory (decision analysis) refers to the techniques for analysis decisions under risk and uncertainty. In the process of decision-making the decision –maker wants to achieve something, which may be called his goal, purpose or objective. The decision –maker may choose one particular alternative, which is called strategy of the decision maker,from among various alternatives. All alternative and outcomes are assumed to be known. There are certain factors, which affect the outcome for different strategies. But these factors or conditions, also called ‘states of nature, are beyond the control of the decision-maker. The strategy (alternative) along with the state of nature determines the degree to which the goal is actually achieved. A measure of achievement of the goal is called the ‘Pay-off’ The pay-off matrix is used as method of presenting data in decision – analysis. Each cell, which is an intersection of a strategy and a state of nature, contains the pay-off
What are plates that move towards each other?
Plates that move toasted each other are detractive plates meeting at a destructive margin. If a continental and an oceanic plate move towards each other, earthquakes and volcanoes occur, this is called a subduction margin, but if the plates are both continental then fold mountains form this is a collision margin
What is the first line of each entry begins at the left margin?
Hanging indent
What is an ambivert?
An ambivert is a person who considers themselves neither as an extrovert or introvert, but has characteristics of each.
