Management (14th Edition)
14th Edition
ISBN: 9780134527604
Author: Stephen P. Robbins, Mary A. Coulter
Publisher: PEARSON
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Question
Chapter P1, Problem 9DQ
Summary Introduction
To explain:
The instances where decisions made by the organization was made under various types of conditions such as certainty, uncertainty and risk.
Introduction:
Making decisions is all part and parcel of any business operating at any scale, anywhere in the world. However, such decisions are to be made under certain conditions, upon which, the success or failure of the decision would greatly rely on. Under conditions of certainty, the decisions made would be of high accuracy and effectiveness. Uncertainty could lead to decisions that might create damage to the organization in relation to areas such as goodwill or finances. Decisions taken under risk conditions have a chance of either being successful or otherwise.
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