decision making
Definition
The thought process of select a logical choice from among the available options. When trying to make a good decision, a person must weight the positives and negatives of each option, and consider all the alternatives. For effective decision making, a person must be able to forecast the outcome of each option as well, and based on all these items, determine which option is the best for that particular situation.
decision making is in the Decision Making, Problem Solving, & Strategy subject.
decision making appears in the definitions of the following terms:
marginal costing,
information processing technology,
growth objectives,
operations research (OR),
delegatus non potest delegare,
organic organization,
regulatory force,
line function,
catchball,
marketing research
and
decision making appears in the other terms: consultative decision making, scientific decision making, rational decision making approach, consumer decision making
This content can be found on the following page:
http://www.businessdictionary.com/definition/decision-making.html
email to a friend
print this definition
cite this definition
link to this page