Asked by SaLim Awada on Sep 26, 2024
____ are typically stated in "if-then" terms.
A) Contingent decisions
B) Conditions of risk
C) Decision rules
D) Nonprogrammed decisions
E) Situational decisions
Contingent Decisions
Decisions made based on the specific conditions or circumstances prevailing at the time, rather than following a strict policy or guideline.
Decision Rules
Guidelines or criteria used to choose among alternatives in the decision-making process.
Conditions of Risk
Circumstances or factors that increase the probability of loss or danger in a given situation or environment.
- Note the importance of decision rules in simplifying decision-making processes.
Learning Objectives
- Note the importance of decision rules in simplifying decision-making processes.