ECONOMICS (CBSE/UGC NET)

Detailed explanation-1: -Programmed decisions are made in routine, repetitive, well-structured situations with predetermined decision rules. These may be based on habit, or established policies, rules and procedures and stem from prior experience or technical knowledge about what works or does not work in a given situation.

Detailed explanation-2: -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.

Detailed explanation-3: -Programmed decisions are those that are repeated over time and for which an existing set of rules can be developed to guide the process.

Detailed explanation-4: -What Is A Programmed Decision? Programmed decision-making involves those decisions that already have a plan or rule in place and is used to reach a solution or conclusion. In other words, managers have already made such decisions before and it’s a repetitive and routine process.

Detailed explanation-5: -As the name suggests, routine decisions are those that the manager makes in the daily functioning of the organization, i.e. they are routine. Such decisions do not require a lot of evaluation, analysis or in-depth study. In fact, high-level managers usually delegate these decisions to their subordinates.