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Essay

Decision Making Definitions

Essay specific features

 

Issue:

Business

 

Written by:

Helen J

 

Date added:

February 29, 2016

 

Level:

University

 

Grade:

B

 

No of pages / words:

4 / 962

 

Was viewed:

8860 times

 

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Essay content:

Making a decision implies that there are alternative choices to be considered, and in such a case we want not only to identify as many of these alternatives as possible but to choose the one that best fits with our goals, desires, lifestyle, values, and so on. 2. Decision making is the process of sufficiently reducing uncertainty and doubt about alternatives to allow a reasonable choice to be made from among them...
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This definition stresses the information gathering function of decision making. It should be noted here that uncertainty is reduced rather than eliminated. Very few decisions are made with absolute certainty because complete knowledge about all the alternatives is seldom possible. Thus, every decision involves a certain amount of risk...
displayed 300 characters

General issues of this essay:
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