Show the business decisions making skills

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Reference no: EM1342553

Business decisions making skills.

Most business decisions are made under conditions of either risk or uncertainty. Is it easier to make a decision under risk or uncertainty conditions? Why?

Consider the following list of business decisions. What decision would be handled most effectively by a group or team decision making? Which would be handled more effectively by individual decision making? Explain why?

Switching pencil suppliers

Hiring a new CEO

Firing an employee for stealing

Calling 911 to report a fire in the warehouse

Introduction of a brand new product

Reference no: EM1342553

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