ECONOMICS

Detailed explanation-1: -Programmed decisions are concerned with relatively routine problems. They are structured and repetitive. Decisions that are Non-programmed are concerned with unique decisions and unusual problems that are non-repetitive decisions and ill-defined.

Detailed explanation-2: -Non-programmed decisions are made one time and are unstructured. An example of non-programmed decision-making can be acquiring another organization. Re-ordering an inventory or reprimanding employees in case violating specific work rules can be an example of a programmed decision.

Detailed explanation-3: -Decision-making is a high-level cognitive process based on cognitive processes like perception, attention, and memory. Real-life situations require series of decisions to be made, with each decision depending on previous feedback from a potentially changing environment.

Detailed explanation-4: -Programmed decisions are repetitive and routine in nature. That is, this type of decision or response to a situation is common within the organization and largely automated. Programmed decisions are generally documented as Procedures, Policies, or Rules.