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What are three different conditions under which production decision are made?
Production decisions are typically made under conditions of certainty, uncertainty, and risk. In conditions of certainty, managers have complete information about the outcomes of their decisions, enabling straightforward planning. Under uncertainty, they face unknown variables and potential outcomes, making it challenging to predict results. In risk conditions, managers have some information about probabilities of different outcomes, allowing for informed decision-making based on statistical analysis.
Different conditions under which decisions are made?
the conditions that decisions are made
What is ideal conditions under certainty?
Ideal conditions under certainty refer to a situation where all relevant information is known, future events can be accurately predicted, and there are no risks or uncertainties involved. In this scenario, decision-making becomes straightforward as the optimal choice is clear and can be made with confidence. However, such ideal conditions are rare in the real world, as uncertainty and risk are typically present in decision-making.
Price and output determination under oligopoly?
Explain how price and output decision are taken under conditions of oligopoly.
Can you Tell me about a decision you made while under pressure?
I decided to give him the wallet.
What is the current status of the pending application awaiting decision?
The pending application is still under review and a decision has not been made yet.
What is the status of the manuscript that is currently awaiting editor decision?
The manuscript is currently under review by the editor, and a decision has not yet been made.
How opportunity costs are linked to economic decision making Markets under ideal conditions ensure an efficient allocation of scarce resources but in practice conditions are usually not ideal cri?
there is no answer
What is a payoff table?
A payoff matrix is a decision analysis tool that summarizes pros and cons of a decision in a tabular form. It lists payoffs (negative or positive returns) associated with all possible combinations of alternative actions (under the decision maker's control) and external conditions (not under decision maker's control). Also called payoff table.
Are some elements have been made by scientists under laboratory conditions?
Yes
How would decisions about slavery be made under popular sovereignty?
Under popular sovereignty, decisions about slavery would be made by the settlers in a territory. There were different viewpoints about when the decision should be made; some felt the decision shouldn't be decided until a territory was approaching statehood, while others wanted it to be decided earlier.
Evaluate the different environments under which decision should be made?
What environments are you talking about? Please be specific to get an accurate answer.
