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indecision result.

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11y ago

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When making tradeoffs among competing features what can be used to quantifiably compare alternatives by selecting weighting and applying criteria?

Decision matrix


Which matrix is included in the decision stage of the strategy formulation framework?

Quantitative Strategic Planning Matrix


What is the antonym of hypothecate?

no consideration given; no ideas in a positive direction; no reason given to a decision


Cross matrix comparison to determin a risk level?

A good decision making system will


What is the application of the priority matrix in business decision-making processes?

The priority matrix is used in business decision-making to help prioritize tasks or projects based on their importance and urgency. It helps businesses allocate resources efficiently and focus on high-impact activities.


What is an antonym for wise?

For an incorrect action, or decision, it could be "unwise." For a person or an impetuous act, it could be "foolish."


What is the benefit of using a prioritization matrix in decision-making processes?

A prioritization matrix helps in decision-making by providing a structured way to evaluate and compare different options based on criteria that are important to the decision. This allows for a more systematic and objective approach to making decisions, leading to better outcomes and more efficient use of resources.


A decision matrix is a useful tool when applying the tradeoff study process to analyze alternatives?

A decision matrix is an effective tool for evaluating and comparing multiple alternatives by systematically scoring them against predefined criteria. It allows decision-makers to visually assess trade-offs and prioritize options based on their relative importance. By quantifying subjective judgments, the matrix facilitates clearer decision-making and helps ensure that all relevant factors are considered. This structured approach ultimately aids in selecting the most suitable alternative in complex scenarios.


When using a decision matrix weights are determined by?

When using a decision matrix, weights are determined by assessing the relative importance of each criterion in relation to the decision being made. Stakeholders typically evaluate and assign numerical values or percentages to each criterion based on their significance to the overall decision. This process ensures that the most critical factors have a greater influence on the final outcome, allowing for a more informed and balanced decision-making process.


The decision-making tool that leverages a map of alternatives with a quantifiable utility or relative value assigned to each is called a?

The decision-making tool you are referring to is called a decision matrix or a decision-making matrix. This tool helps evaluate and prioritize different options by assigning quantifiable values to each alternative based on specific criteria. By comparing these values, decision-makers can systematically identify the best option based on their goals and preferences.


When using a decision matrix after you identify all of the options what is the next step?

give each criterion a weight


When using a decision matrix after you identify all the option what is the next step?

give each criterion a weight