1.What is a good decision?2. What are the basic rules for good decision making?explain...

1. What is a good decision?

2. What are the basic rules for good decision making? explain

3. What are ways in which information is gathered when making a good decision?

4. What are ways in which the information is used once it is gathered?

Solutions

Expert Solution

1) A good decision is a decision that is made consciously and with lots of thoughts such as by considering many factors. This type of decision needs to be explained clearly to others and it impacts positively on others.

2) There are some rules or ways by which a person can make effective decisions for everyone.

One of the important things is to prepare one or two alternatives to the decision already made so that they can be replaced when needed.
It is important to get accurate information before making a good decision.
It is important to understand what are the most needed things while making decisions so that decisions can be set based on those needs.
It is important not to get diverted by others' ineffective decisions.

keosha answered 1 year ago

Next > < Previous

Related Solutions

1) Is rational decision-making better than intuitive decision making? If so, when? 2) Describe and explain...

1) Is rational decision-making better than intuitive decision making? If so, when? 2) Describe and explain the causes of creative behaviour ؟ give any example write at least 700 words

The Six basic steps in decision making: 1-Define the Problem 2- Determine the Objective 3- Explore...

The Six basic steps in decision making: 1-Define the Problem 2- Determine the Objective 3- Explore the Alternatives 4- Predict the Consequences 5- Make a Choice 6- Perform Sensitivity Analysis Write 300 to 400 words on “Determine the Objective.” Describe your own motives and what your short or long term plans are (please explain short term and long term plans separately) after completing your MBA? Knowing you “can’t always get what you want” what can you get? What can you...

The six basic steps in decision making: 1-Define the Problem 2- Determine the Objective 3- Explore...

The six basic steps in decision making: 1-Define the Problem 2- Determine the Objective 3- Explore the Alternatives 4- Predict the Consequences 5- Make a Choice 6- Perform Sensitivity Analysis Write 3 to 4 page analyzing problem at work can be used in the final paper, the purpose of this paper is to utilize Step One of the Six Step Decision Making Model and identify a problem. The First assignment is just an identification of a problem, explain the problem...

The four rules of ethical decision making are based on the philosophies of some of the...

The four rules of ethical decision making are based on the philosophies of some of the most notable philosophers of the 19th century. What rule of ethical decision making asserted that human beings were not objects to be manipulated but instead had the right of free choice? A Moral Rights Approach B Post Conventional Ethics C Values Based Ethics D Normative Approach

2. How do the activities in the consumer decision making process relate to the basic consumer...

2. How do the activities in the consumer decision making process relate to the basic consumer behavior consumption process? 7. How does consumer involvement, perceived risk, product experience, and time availability influence the amount of search that a consumer will perform when seeking to satisfy a problem that they are facing? 8. What types of technologies are affecting consumer search behavior? 9. Describe a recent situation that you faced in which you think the decision-making model discussed in the chapter...

What is the difference between compensatory decision rules and noncompensatory decision rules as they relate to...

What is the difference between compensatory decision rules and noncompensatory decision rules as they relate to choosing between different brands?

1. What is a Sunk costs and how relevant is this cost in a decision-making.? 2....

1. What is a Sunk costs and how relevant is this cost in a decision-making.? 2. What is Opportunity costs and how relevant is this in making a decision.? 3. Excess or unused capacity are key element in a decision to accept or reject a special offer price on a product or activity what is your understanding of this concept.? 4. What is the different between avoidable and unavoidable cost? 5. Quantitative factors vs Qualitative factors, how useful are these...

1. Explain the Carnegie model of organizational decision making

explain the decision making models

1. Explain differences between Independent Events and Mutually Exclusive Events. 2. Describe the two basic rules...

1. Explain differences between Independent Events and Mutually Exclusive Events. 2. Describe the two basic rules of probability. 3. Describe the purpose of a contingency table. What are the differences between a contingency table and a frequency (pivot) table we discuss earlier in our course? 4. Describe the purpose and application of Bayes' Theorem.

Subjects