ECONOMICS
DECISION MAKING
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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A failed thought
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A failed decision
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A failed perception
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A failed hypothesis
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Detailed explanation-1: -Lack of communication Involving others in the decision making process with the relevant knowledge, experience and expertise improves the quality of the decision. Without proper communication, some good decisions can turn out bad ones.
Detailed explanation-2: -Lack of communications. Lack of leadership. Lack of vision. Complex systems. Ill-discipline, lack of trust or negligence. Not learning from past mistakes. Poor reporting channels. A lack of business goals overview. More items •05-Dec-2022
Detailed explanation-3: -Lack of persistence. More people fail not because they lack knowledge or talent but because they just quit. Lack of conviction. Rationalization. Dismissal of past mistakes. Lack of discipline. Poor self-esteem. Fatalistic attitude. 15-Oct-2022
Detailed explanation-4: -Preventable failure: a failure caused by deviating from a known process. Complex failure: a failure caused by a system breakdown. Intelligent failure: a failure caused by an unsuccessful trial. 04-Nov-2019