CMPM MIDTERM PART II

It is the fundamental process of management.

It is a judgement. It is a choice between alternatives.

It is the focal point of the decision process. Solutions must address the basic problem not the symptoms.

It is one of the decision process that is often benefits from the use of mathematical or statistical techniques.

It is a decision process that will depend on the objectives of the decision maker and the criteria that are being used to evaluate alternatives.

It is a decision process that simply means carrying out the actions indicated by the chosen alternative.

It is a term which refers to the limit as control on making decision because of costs, human abilities, time, technology and the availability of information.

It is the result from each different department’s attempt to reaching a solution that is optimum for their department.

It needs to be satisfy before a decision to be effective.

It is a unique resource. Its supply is totally inelastic. It is considered as absolutely irreplaceable.