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Explain Different types of Decisions.
Different types of Decisions: Decisions may be of various types. Several of the significant types of managerial decisions are explained here:-
(i) Programmed and Non-Programmed decisions
(ii) Major and Minor Decisions
(iii) Routine and Strategic Decisions
(iv) Organizational and Personal decisions
(v) Individual and Group decisions
(vi) Policy and Operative decisions
(vii) Long-term, Departmental and Non-Economic decisions
(viii) Non-economic decisions concern to factors such as technical values and moral behaviours.
Discuss the long-run consequences of your decision.
Merk, Inc., produces electronics component on an assembly line. The standard cost for the component is $105 (labor $15, materials $60, and other costs $30). The sellings price is $
What are some practical limits to economies of scale?
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Imagine this is the only position of its kind in the organization. From this perspective, design a performance appraisal program to assess your job performance.
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