Decision making Flashcards
1
Q
What is the purpose of decision making
A
2
Q
Importance of effective decision making to a business and its stakeholders
A
3
Q
Factors which need to be taken into account when making business decisions.
A
4
Q
What is the relationship between aims and objectives of a business
A
5
Q
Difference between short term, mid term and long term
A
6
Q
What are strategic, tactical and operational decisions
A
7
Q
Difference between quantitative and qualitative decision making tools
A
8
Q
What is the usefulness of different measures of performance
A
9
Q
The courses of action a business could take
A
10
Q
What is considered success
A
