Examlex
Which of the following models of organizational decision-making, developed by Henry Mintzberg and his colleagues explains why and how managers make nonprogrammed decisions?
Personnel Limitation
Constraints or restrictions related to the number or capabilities of staff available for a project or operation.
Net Present Value
A calculation used to evaluate the profitability of an investment, subtracting the present values of cash outflows from the present values of cash inflows.
Binary Variable
A variable that takes on one of exactly two possible values, typically represented or coded as 0 and 1.
Processes
A series of actions or steps taken in order to achieve a particular end, often referring to sequences in manufacturing or computation.
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