The Incrementalist Model of Decision-Making, Developed by Henry Mintzberg and His

question 102

True/False

The incrementalist model of decision-making, developed by Henry Mintzberg and his colleagues, describes how decision-making takes place when uncertainty is high.

---

Definitions:

Prospectively

Referring to or dealing with events in the future, often in the context of financial planning or forecasting.

Extraordinary Gain

A gain that arises from events or transactions that are distinct and infrequent in nature, not expected to recur regularly.

Provision For Inventories

An accounting practice where a reserve is made for potential decreases in the value of a company’s inventory.

Inventories Losses

Reductions in the amount or value of inventories due to factors such as deterioration, obsolescence, or theft, resulting in financial loss.