rational decision making
Definition
A method for systematically selecting among possible choices that is based on reason and facts. In a rational decision making process, a business manager will often employ a series of analytical steps to review relevant facts, observations and possible outcomes before choosing a particular course of action.
Related Articles
- Difference between spot and futures in Forex *
- ETFs - Basic Facts *
- Keoghs and Their Distribution Options *
- Yield, Duration and Ratings of Bonds *
- Diamonds as a Piece of Your Retirement *
- Tax Advantaged Investment Options for Retirement *
- Basics of The Value Investing Stock Strategy *
- Different Types of IRAs *
Related Videos
http://www.businessdictionary.com/definition/rational-decision-making.html
