Decision making Flashcards
Decision making steps
Identify problem
Collect info
Consider alternatives + consequences
Make decision
Put plan into action + evaluate
Human resources
People + their energy, time + skills
Economic resources
Money, property
Environmental rresources
Air, water, trees, oil, gas
Community resources
Libraries, hospitals, schools
Ergonomics
The efficiency of people in the working environment: plan time, layout of equipment + sequence of task
Internal factors when choosing goods
Personal preference
Personal values
Need
External factors when choosing goods
Advertising/marketing
Trends, peers + family
Price + sales
Gross income
Income before deductions
Budget
Spending plan
Wages
Weekly payment
Salary
Monthly/bimonthly payment
PAYE
Pay As You Earn
Government services
PRSI
Pay Related Social Insurance
Sick pay, unemployment, retirement
USC
Universal Social Charge
Government tax