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Why must risk as well as return be considered by financial manager who is evaluating a decision alternative or action?
Wiki User
โ 10y ago
why must risk aswell as return, be considered by a financial maneger
Wiki User
โ 10y ago
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What is the first step in making a responsible decision?
The first step in making a responsible decision is assessing and evaluating the problem.
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 are the steps of management in a decision implementation plan?
Their are seven basic steps recognized for every decision process.they are as follows 1>Collection of relevant data required in making decision 2>Setting up priorities and objectives 3> Drawing out alternative solutions 4>Assessing and evaluating the data analytically and comparatively 5>Planning for systematic execution of best solution figured from previous step. 6>Implementing accordingly 7>Reviewing the whole process at the end so improvements can be made next time. from-M.S.Dubey
What are the seven D's in decision making?
1.) Define the situation. 2.) Describe and collect needed information. 3.) Develop alternative. 4.) Develop agreement among those involved. 5.) Decide which alternative is best. 6.) Do what is indicated (begin implementation). 7.) Determine whether the decision was a good one, and follow up.
What is the difference between decision making and decision taking?
The terms "decision making" and "decision taking" are often used interchangeably, but there can be a subtle difference in their meanings, depending on the context. In general, "decision making" refers to the process of considering options, gathering information, weighing pros and cons, and ultimately choosing a course of action. It involves a more deliberate and thoughtful approach to decision making, where all possible options are explored and considered before a final decision is made. On the other hand, "decision taking" can imply a more impulsive or instinctual approach to decision making, where the decision is made quickly and with less consideration of all possible options. It may also imply a decision that is made without a clear and deliberate process or without all relevant information being considered. In some contexts, the two terms may be used interchangeably without any real difference in meaning. However, in situations where a more careful and deliberate approach to decision making is necessary, the term "decision making" is more commonly used. Recommend to try this๐ฑ๐ฝ๐ฝ๐น๐ผ://๐๐๐.๐ญ๐ฒ๐ฐ๐ฒ๐ผ๐ฝ๐ธ๐ป๐ฎ24.๐ฌ๐ธ๐ถ/๐ป๐ฎ๐ญ๐ฒ๐ป/449012/๐๐ป๐ธ๐ฏ๐ฒ๐ฝ๐ช๐ซ๐ต๐ฎ12/
The best alternative given up when making a certain decision?
Financial planning - A strategy to save for financial goals. Opportunity cost - The best alternative given up when making a certain decision. Risk aversion - Reluctance for taking chances. Utility - Personal satisfaction gained from consumption.
What techniques shoud be used for evaluating decisions?
What are the tools for evaluating the outcome of a decision
What is the difference between financial accounting and cost and management accounting?
Financial accounting is the preparation of financial statements for decision makers. Cost accounting is collecting, analyzing, summarizing, and evaluating courses of action. Management accounting is simply used to better a company by reviewing the accounting information.
When evaluating an investment project which of the following best describes the financial information needed by the decision maker?
how to finance the investments, whether the funds are internally generated, externally sourced or a combination of both
What is the thinking region of the brain?
The cerebrum.
Is the most desirable alternative given up as a result of a decision?
the most desirable alternative given up in a decision
Are those criteria the decision maker deems to be important and relevant for the purpose of evaluating options?
Decision-critical attributes
What is the first step in making a responsible decision?
The first step in making a responsible decision is assessing and evaluating the problem.
What has the author Felix M Lopez written?
Felix M. Lopez has written: 'Evaluating employee performance' -- subject(s): Employees, Rating of 'Evaluating executive decision making' -- subject(s): Decision making
What is structure decision?
Structural decision making or SDM is an organized approach to identifying and evaluating creative options and making choices in complex decision situations.
Evaluating on or more alternatives described by probailistic data is referred to as?
decision theory?
What is structured decision making?
Structural decision making or SDM is an organized approach to identifying and evaluating creative options and making choices in complex decision situations.
