Question

Management decision problems are comprised with some elements....
What are they ❓
Name them
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Answer 1

Answer:

Management decision problems are comprised with three elements

Alternatives

Constraints

Objectives

Explanation:

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Answer 2

Management is one of the most complex functions of an organisation.

• The person who takes managerial decisions has to keep a lot of things in mind.
• Before taking any managerial decisions the manager has to keep in mind the objectives and the values of the organisation. He also needs to think about the various consequences that might occur because of his or her decision.
• He needs to think about the investors the consumers as well as his team before he takes any big decision.