The construction of a new building is an example of capital expenditure because it involves the acquisition or improvement of a long-term asset that is expected to provide benefits to the company over a period of more than one year.
What is the risk of choosing a solution solely based on personal preferences?
Which of the following theory presents how people take decision when presented with alternatives that involve risk, probability, anduncertainty?
How can collaboration with diverse teams enhance the identification of possible solutions?
What is the significance of involving relevant stakeholders in problem identification?
Why is it important to communicate the decision to relevant stakeholders?
Which type of decision is typically routine and repetitive, often governed by rules and policies?
How can involving a diverse group in the evaluation process enhance the selection of the best solution?
Decision making is an important part of management functions. Which of the following functions it is most closely related to?
In which decision-making technique do experts provide their opinions anonymously to avoid bias, and a consensus is reached after several rounds?
Which of the following decision making technique involves the use of a ‘yes’ or ‘no’ solution to arrive at a decision?
