ECONOMICS
DECISION MAKING
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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chain decisions
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central-satellite decisions
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Either A or B
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None of the above
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Detailed explanation-1: -Central-satellite decisions can be described as one major decision surrounded by related but independent decision. In habitual decision, one decision triggers other choices the must be made to complete an action. Knowledge is a human resource.
Detailed explanation-2: -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-3: -4 Phases of the Decision-Making Process Intelligence Phase. Design Phase. Choice Phase. Implementation Phase.
Detailed explanation-4: -strategic. tactical. operational.