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Identify two predictors of future economic activity that are available to managers for decision making?
Wiki User
∙ 14y ago
economic statistic and business confidence indices
Wiki User
∙ 14y ago
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The circular flow of economic activity sHow is the interdependency of firm and household decision making?
The circular flow of economic activity shows the interdependency of firm and household decision making.TrueFalse TRUE
What terms is defind as a decision made after considering all of the information available?
informed decision
How can a decision maker identify strategic factors in the corporations external international environment?
how can a decision maker indentify strategic factors in the corporation external environment
What are the first three steps in the process of making an ethical decision?
Identify the problem, identify any competing ethical positions or principles, and go over ethical guidelines.
What is important to know before a person makes a decision related to his available resources?
Use this decision-making model: 1. Set a goal 2. Identify the alternatives (possibilities) 3. Identify the obstacles (limited resources, such as time or money) 4a. Identify costs and benefits (pros and cons) 4b. Evaluate 5. Rank the alternatives 6. Choose the best alternative 7. Evaluate the consequences Consequences will include things like the opportunity cost, i.e. the next best alternative, or if the best alternative uses up more of one resource than another.
The approach to decision making that identifies candidates with the highest scores based on quantitative predictors is the?
Statistical Approach
What is the first thing you should do when making an individual decision?
Identify the decision you need to make
How can a decision maker identify strategic factors in a corporation external environment?
NbvmjbkjbvHow can a decision-maker identify strategic factors in a corporation’s external international environment?
How can a decision maker identify strategic factors in a corporation's external environment?
NbvmjbkjbvHow can a decision-maker identify strategic factors in a corporation’s external international environment?
How can a decision maker identify strategic factors in the corporation's external environment?
NbvmjbkjbvHow can a decision-maker identify strategic factors in a corporation’s external international environment?
What are the five five decision-making steps?
1. Identify and clarify the decision 2. Identify possible options 3. Gather information 4. Make the decision 5. Evaluate your decision
What is decision analysis?
Decision making analysis is a process wherein the decision making process is systematically followed to ensure that the right decision is taken.The steps that can be taken are-Identify the need for making a changeScrutinize that the change is in line with overall objectives of firmCheck the resources available for implementing the changeFormulate a framework to see the end result of the decisionEvaluate alternativesPick the best methodImplement the decisionReview it periodically.
How much more or less of an activity to pursue is decision?
Yes, it is.
The circular flow of economic activity sHow is the interdependency of firm and household decision making?
The circular flow of economic activity shows the interdependency of firm and household decision making.TrueFalse TRUE
Decision analysis and resolution best examples?
Identify the Solution for a problem
What is Decision Making Analysis?
Decision making analysis is a process wherein the decision making process is systematically followed to ensure that the right decision is taken.The steps that can be taken are-Identify the need for making a changeScrutinize that the change is in line with overall objectives of firmCheck the resources available for implementing the changeFormulate a framework to see the end result of the decisionEvaluate alternativesPick the best methodImplement the decisionReview it periodically.
Why does marginal costs exist?
because the decision to engage in one activity means forgoing some other activity
