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Issue:

Business

 

Written by:

George R

 

Date added:

July 31, 2015

 

Level:

University

 

Grade:

A

 

No of pages / words:

3 / 766

 

Was viewed:

6168 times

 

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Essay content:

Decision making is the process of sufficiently reducing uncertainty and doubt about alternatives to allow a reasonable choice to be made from among them. This definition stresses the information gathering function of decision making. It should be noted here that uncertainty is reduced rather than eliminated...
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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

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