..... exist whenever there is a difference between what actually happens and what the manager wants to have happen.

DECISION MAKING

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

____ exist whenever there is a difference between what actually happens and what the manager wants to have happen.

A	Decision
B	Problem
C	Programmed decision
D	Risk

Explanation:

Detailed explanation-1: -In problem solving you identify and evaluate solution paths; in decision making you make a similar discovery and evaluation of alternatives. The crux of decision making, then, is the careful identification and evaluation of alternatives.

Detailed explanation-2: -1] Making routine choices and judgments. When you go shopping in a supermarket or a department store, you typically pick from the products before you. 2] Influencing outcomes. 3] Placing competitive bets. 4] Making strategic decisions. The constraint of decision making research.

Detailed explanation-3: -Analyze the problem. Before you can fix an issue and use decision-making skills, take a look at the problem at hand. Gather information. Brainstorm solutions. Weigh pros and cons. Decide on a solution. 26-Apr-2019

Detailed explanation-4: -strategic. tactical. operational.

There is 1 question to complete.

ECONOMICS (CBSE/UGC NET)

ECONOMICS

DECISION MAKING