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Decision making is the primary task of the management?
Decision making is one of the many tasks of a manager. They are usually the final decision maker in most situations. They are responsible for making sure everyone under them is doing their job and is trained as well.
What are the directors' role as business administrators within a company?
Policy maker, decision maker and Oversight
What will a good decision making system do?
get decision to the right decision maker, create a trail of accountability, and provide flexibility
What information is available when the decision maker needs it?
Accessible
A pre-brief should be given to the decision maker in what step of the decision support model?
recommendation
What are the qualities of management?
hard working,decision maker,motivator
What is the definition of money management?
Money management is used in Investment management and deals with the question of how much risk a decision maker should take in situations where uncertainty is present. More precisely what percentage or what part of the decision maker's wealth should be put into risk in order to maximize the decision maker's utility function. Money management gives practical advice among others for gambling and for stock trading as well.
What are system variable in management information system?
is quantity or item controlled by the decision maker.
Contrast the three decision making conditions?
The three decision-making conditions are certainty, risk, and uncertainty. In a condition of certainty, the decision-maker has complete information and can predict outcomes accurately. In a risk condition, the decision-maker has some information and can estimate probabilities of different outcomes, allowing for informed choices. In uncertainty, the decision-maker lacks sufficient information about possible outcomes, making it difficult to evaluate options effectively, often leading to reliance on intuition or heuristics.
Decision making is the primary task of the management?
Decision making is one of the many tasks of a manager. They are usually the final decision maker in most situations. They are responsible for making sure everyone under them is doing their job and is trained as well.
What do you think you would have to learn to become a good decision maker?
hmmm.. that is a great question. i will have to figure tht one out !
When a decision is made what two things is a decision maker considering?
Two things a decision maker considers when making a decision are future costs and benefits of the decision. Other things are sometimes considered when making decisions including future consequences of the decision.
Why might Washington have been a good decision maker?
Washington might have been a good decision maker because he had great discipline and tactics.
Why might Washington have been a good decision-maker?
Washington might have been a good decision maker because he had great discipline and tactics.
Is The decision node the point at which the decision maker must take action?
yes
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 is the duty of loyalty?
Prohibits making a decision that benefits the decision-maker at the expense of the corporation.
