BUSINESS ADMINISTRATION
PRINCIPLES AND PRACTICE OF MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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decision criteria
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absolute comparisons
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relative comparisons
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chicken dance
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Detailed explanation-1: -Decision making can also be classified into three categories based on the level at which they occur. Strategic decisions set the course of organization. Tactical decisions are decisions about how things will get done. Finally, operational decisions are decisions that employees make each day to run the organization.
Detailed explanation-2: -In the system of relative comparison whenever a case is presented, in that every decision is compared. Meaning its having a direction relation among two decisions where they are judged or evaluated on the basis of the impact/ implications of those decisions taken.
Detailed explanation-3: -What are decision criteria? Decision criteria are the principles, values, rules, variables, and conditions that an organization or team uses to select an option or make a decision. These criteria guide teams in selecting a course of action among several alternatives.
Detailed explanation-4: -Rational decision making is the opposite of intuitive decision making. It is a strict procedure utilising objective knowledge and logic. It involves identifying the problem to solve, gathering facts, identifying options and outcomes, analysing them, considering all the relationships and selecting the decision.