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Decision rules are typically associated with choices made in environments where outcomes are uncertain and can be influenced by various factors. These rules often govern decisions in fields such as finance, healthcare, and marketing, guiding actions based on predefined criteria or thresholds. For example, a financial institution might use decision rules to determine whether to approve a loan based on credit scores and income levels. Overall, decision rules help streamline the decision-making process by providing clear guidelines for evaluating options and outcomes.
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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.
What are the basic financial decision in an organization?
The basic financial decisions include long term investment decisions, financing decisions and dividend decisions. Investment Decision relates to the selection of assets in which funds will be invested by a firm. These decisions are of two types Capital Budgeting Decisions and Working Capital Decisions. Financing Decision is broadly concerned with the asset-mix or the composition of the assets of a firm. The concern of the financing decision is with the financing-mix or capital structure or leverage. Dividend Policy Decision isrelated to the dividend policy.
What are the basic financial decisions?
basic financial decisions are three type: 1. Financial Decisions, 2.Investment Decisions, 3.Dividend Decision.
What are the financial decision areas?
Modern approach of financial management provides a conceptual and analytical framework for financial decision making. According to this approach there are 4 major decision areas that confront the Finance Manager these are:- a) Investment Decisions; b) Financing Decisions; c) Dividend Decisions d) Financial Analysis, Planning and Control Decisions
What is an adjective for making the right decisions?
decision making
What is programmed decision?
Decisions made in response to a situation that has occurred often enough to enable decision rules to be developed and applied in the future. A programmed decision is a decision that can be handled by established business rules or procedures. Programmed decisions typically do not require much discussion, and can generally be automated.
What is the plural of decision?
decisions
What are examples of programmed and programmed decision making?
a programmed decision is made in response to a situation that has occurred often enough to enable decision rules to be developed and applied in the future. For example the decision to reload paper in the printer is a programmed decision. Answer: Programmed decisions are these which are repeatitive & non-programmed decisions are that made for seponteneously or suddenly or un routen problem.
What is the plural form of decision?
The plural form of decision is decisions.
What is the plural of the word decision?
The plural form for the noun decision is decisions.
What are the negative points associated with the NFL's current rules and regulations in football?
Some negative points associated with the NFL's current rules and regulations in football include concerns about player safety, controversies over officiating decisions, and criticism of the league's disciplinary actions.
What is decision function to pattern recognition?
The principal function of a pattern recognition system is to yield decisions concerning the class membership of the patterns with which it is confronted. In order to accomplish this task, it is necessary to establish some rules upon which to base these decisions. One important approach to this problem is the use of decision functions.
What are examples of programmed and non programmed decision making?
examples of programmed decisions are reordering printer cartridges and buying your favorite toothpaste or shampoo at the supermarket. examples of non programmed decisions are selecting a new cell phone provider and selecting a college to attend
What is obligatory decision?
An obligatory decision refers to a choice or determination that is required or mandated by rules, regulations, or circumstances, leaving little to no room for personal discretion. Such decisions often arise in legal, organizational, or procedural contexts where adherence to established guidelines is necessary. Failure to comply with obligatory decisions can result in consequences or penalties.
What is formal decision?
A formal decision is a decision that is made in a structured and methodical manner, often involving a clear evaluation process, criteria, and documentation. It is typically made within an organization or institution according to established rules or protocols. Formal decisions are important for ensuring transparency, accountability, and consistency in decision-making.
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.
Different types of programmed decision?
Programmed decisions are routine choices made using established guidelines or procedures. They typically arise in familiar situations and can be categorized into three main types: procedural decisions, which follow specific steps or protocols; rules-based decisions, guided by predefined rules or policies; and budgetary decisions, which involve financial allocations based on set criteria. These decisions aim to streamline processes and enhance efficiency by minimizing the need for extensive analysis.
