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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.
A paper mill produces two grades of paper viz., X and Y. Because of raw material restrictions, it cannot produce more than 400 tons of grade X paper and 300 tons of grade Y paper i
The purpose of operations management is to make the best use of productive resources. It entails the design and control of all the systems for the productive use of various raw mat
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Explain important traits are required for a coach of a cricket team. The three important traits needed for a coach of a cricket team are:- (i) Decisiveness - The coach is c
Explain Motivation. The factors leading mainly towards motivation are :- (i) Achievement - Personal satisfaction in job completion and problem solving. (ii) Advancement -
Net profit margin: 1. Transportation firm now spends 60 percent of the sales revenue it receives in the supply chain, and has a net profit margin of 6 percent. The compan
Environment Please respond to the following: •From the video, take a position on the ethical aspects of the logging industry on the local economies and the environment in the North
A number of personality dimensions are identified (Big Five, attitudes, locus of control, etc.). What are the strengths and weaknesses of some of the personality dimensions in vari
Scope of Production and Operation Management Production management mainly associated with the factory management as the problem of production crept with the development of facto
Objectivise and Benefits of Work Study Objectivise of Work Study a)Provide more and improved physical means to motivate the workers. b)Improve the basic process by resear
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