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Decision Making Process
Decision making is the process of choosing among alternatives. There are 7 steps that should be followed as shown in figure below:
Figure: The decision-making, planning and control processFigure above represents a diagram of a decision-making model. The first five stages symbolize the decision-making of the planning process. Planning includes making choices among alternatives and is mainly a decision-making activity. The final two stages symbolize the control procedure, which is the procedure of measuring and correcting real performance to ensure that the alternatives that are chosen and the plans for implementing them are carried out. Let consider each of the elements of the decision-making and control process.
What are the objectives of excellence teams and minicompanies? Did the companies achieve these objectives?estion #Minimum 100 words accepted#
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A few of the main focus areas of treasury operations are as follows: 1) Cash Flow-Receipts and Disbursements: Accelerating the collection of cash receipts and mobilization or
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Budget Preparation The organization's budget is ready following the acceptance and sanction of the decision packages. Once the budget of organization has been accepted manager
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