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What is the difference between strategic decision administrative decision and operational decision?
Strategic decisions are made by executive level managers. Operational decisions are made by line managers. Operational decisions can change from day-to-day.
Distinguish between a firm's capital budgeting decision and financing decision?
~The decision about which assets to buy is termed the capital buygeting or inverstment decision. The cesision about how to raise money is the financing decision.
Distinguish between analysis of variance and analysis of covariance?
) Distinguish clearly between analysis of variance and analysis of covariance.
What is difference between the capital budgeting decision and capital structure decision?
Capital budgeting is related with the investments decisions which has to be made in long-term fixed assets and working capital management. Capital structure is related with the financing decisions regarding the debt and equity combinations,in which proportion debt and equity has to be maintained.
Issues in strategic decision making?
§ A company would have different people in decision making at different periods of time. Decision often require judgments and thus is important to note that the person related factors are important in decision making and the decision make differ as that person changes. § Again an individual does not take decisions alone. But often there is rumble in decisions, which could be between individual and group decision making. The decision taken by the group could be different from those that may be taken by the individual themselves. § The company would need to decide on what criteria it should make its decision. Thus it need a process of objective setting, which serve as benchmarks for evaluation of the efficiency and effectiveness of the decision making process. There are three major criteria in decision making- the concept of maximization, - the concept of satisfying, -the concept of instrumentalism. Based on the chosen concept, Strategic decisions will differ. § It is assumed that decision making is logical and thus there will be rationality in the decision making. In the context of Strategic decision making, it means that there would be a proper evaluation and then exercising a choice from among various alternative courses of action in such a way that it may lead to the achievement of the objectives in the best possible manner. § As the situations are complex, straightforward thinking may not be effective. Creativity in decision making may be needed, thus the decision must be original and different. But also based on situation and circumstances there could be variability in decision making.
Why out of school people can distinguish what is right and what is wrong?
Each individual has to make up their own minds for situations and sometimes it is not the right decision and other times we get lucky but being schooled or not or any other distinction for that matter has no bearing on how or why individuals distinguish between right and wrong. This could also go back to values or childhood of things that were instilled in us growing up to make such decisions but they can also be influenced as we become older.
What is the difference between strategic decision administrative decision and operational decision?
Strategic decisions are made by executive level managers. Operational decisions are made by line managers. Operational decisions can change from day-to-day.
Distinguish between a Management Information System and a Decision Support System?
DSS is more focused on senior management/leadership influencing strong company direction, and decisions. MIS focuses on information flow relationships.
Distinguish between a firm's capital budgeting decision and financing decision?
~The decision about which assets to buy is termed the capital buygeting or inverstment decision. The cesision about how to raise money is the financing decision.
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 difference between wrong decisions and bad decisions?
a wrong decision is either incorrect, immoral or illegal ,a bad decision, is more foolish or inappropriate for the situation
IS Accelerating is not an option in executing a decision?
True
How do you spell decison?
I think you are looking for the word "decision".
What is the difference between wrong decisions and bad decision?
a wrong decision is either incorrect, immoral or illegal ,a bad decision, is more foolish or inappropriate for the situation
What is the distinguish between?
how can you distinguish between them
Is there a difference between wrong decisions and bad decision?
Wrong decision is probably incorrect, unethical, or illegal; on the other hand, bad decision is probably irrational and inappropriate for the situation.
What is the relation between economic decision and technical decision?
Technical decisions can provide insight into economic decisions that need to be made. Technology can be used to discover outcomes and determine how long it will take to pay something off, such as a mortgage.
