ECONOMICS (CBSE/UGC NET)

ECONOMICS

DECISION MAKING

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
A decision for repetitive or routine problems for which the responses have been already been decided and been known to the person who will make the decision is called:
A
programmed.
B
non programmed.
C
strategic.
D
professional.
Explanation: 

Detailed explanation-1: -Therefore, the correct answer for the question is Programmed Decisions.

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 repetitive decisions that can be handled by a routine approach and are used when the problem being resolved is straightforward, familiar, and easily defined (structured).

Detailed explanation-4: -Programmed decisions are concerned with the problems of repetitive nature or routine type matters.

Detailed explanation-5: -Programmed And Non-Programmed Decisions: Programmed decisions are routine and repetitive in nature.

There is 1 question to complete.