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Why does the no decision option sometimes represent the most consequential alternative?
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Is the most desirable alternative given up as a result of a decision?
the most desirable alternative given up in a decision
What is an alternative sacrificed because of an economic decision?
cost
When one decision is made the next best alternative decision not selected is called?
Opportunity Cost
To arrive at an economic decision a decision making grid may be used to evaluate?
Alternative choices of action.
What is trade-offs in economics?
an alternative that we sacrifice when we make a decision
How do you make a sentence with consequential?
Having a baby is the most consequential decision a person can make, so he was understandably furious that she had made it for him by deliberately getting pregnant.For most artists and entertainers, the loss of privacy and anonymity is consequential to success, but writers can preserve these things even when they are so famous as to be household names.
Is the most desirable alternative given up as a result of a decision?
the most desirable alternative given up in a decision
Who is sometimes hired by private groups to represent their point of view and influence government decision makers?
lobbyists are hired to contact lawmaker and government officials to influence decision making
What is an alternative sacrificed when making a decision?
Trade-off
What is an alternative sacrificed because of an economic decision?
cost
When one decision is made the next best alternative decision not selected is called?
Opportunity Cost
Structure provides one alternative path of execution?
A sequence structure
Difference between MIS and Decision Making?
Mis helps in planning and controlling in an organisation but decision making means select a single alternative among all possible alternative.
What is the framing effect?
It is a decision bias influenced by the way in which a problem or decision alternative is phrased or presented. (GeBacalla)
To arrive at an economic decision a decision making grid may be used to evaluate?
Alternative choices of action.
What is trade-offs in economics?
an alternative that we sacrifice when we make a decision
What The best alternative given up by a particular decision.?
Opportunity cost is the phrase used to describe the best alternative given up by a particular decision. The term is often associated with Economics.
