MTH302 - Business Mathematics & Statistics
Question(s) similar to the following:
Discuss different types of Decisions in detail.
Question 1: Discuss different types of Decisions in detail.
Answer: Suggest Edit
Type of Decisions
All problems require decision making, however the nature of problem determines how it should be approached. The decision making process There are three types of decisions
- Unstructured decisions are those in which the decision maker must provide judgment, evaluation, and insights into the problem definition.
- Structure decisions , by contrast, are repetitive and routine and involve a definite procedure for handling them so that they do not have to be treated each time as if they were new.
- Some decisions are semi structured; in such cases, only part of the problem has a clear-cut answer provided by an accepted procedure.
Similar Questions:
Question 2: Discuss different types of Decisions in detail.
Answer: Suggest Edit
Type of Decisions
All problems require decision making, however the nature of problem determines how it should be approached. The decision making process There are three types of decisions
- Unstructured decisions are those in which the decision maker must provide judgment, evaluation, and insights into the problem definition.
- Structure decisions , by contrast, are repetitive and routine and involve a definite procedure for handling them so that they do not have to be treated each time as if they were new.
- Some decisions are semi structured; in such cases, only part of the problem has a clear-cut answer provided by an accepted procedure.
Past Papers of MTH302 - Business Mathematics & Statistics
Question 1: Discuss different types of Decisions in detail.
Answer: Suggest Edit
Type of Decisions
All problems require decision making, however the nature of problem determines how it should be approached. The decision making process There are three types of decisions
- Unstructured decisions are those in which the decision maker must provide judgment, evaluation, and insights into the problem definition.
- Structure decisions , by contrast, are repetitive and routine and involve a definite procedure for handling them so that they do not have to be treated each time as if they were new.
- Some decisions are semi structured; in such cases, only part of the problem has a clear-cut answer provided by an accepted procedure.
Similar Questions:
Question 2: Discuss different types of Decisions in detail.
Answer: Suggest Edit
Type of Decisions
All problems require decision making, however the nature of problem determines how it should be approached. The decision making process There are three types of decisions
- Unstructured decisions are those in which the decision maker must provide judgment, evaluation, and insights into the problem definition.
- Structure decisions , by contrast, are repetitive and routine and involve a definite procedure for handling them so that they do not have to be treated each time as if they were new.
- Some decisions are semi structured; in such cases, only part of the problem has a clear-cut answer provided by an accepted procedure.
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