Question

What are the assumptions of different decision making models which either describe how decisions are made, or prescribe how decisions should be made? Identify varying degrees of knowledge under which the decisions are made

Answer 1

Answer:

Before we move on to the next topic on types of decisions that you and other managers make, let us pause to check whether we have understood the general nature of any decision making situation. You will recall that decision making is a process by which we make a choice among various alternatives to achieve our goals.

Answer 2

to reduce energy, electricity, water, and sewage costs could enhance company profits at the same time it reduced the companys environmental impact and could enhance its favorable reputation with significant numbers of consumers.

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