List the Five Major Decision Criteria Used When Making Decisions

question 103

Essay

List the five major decision criteria used when making decisions under uncertainty.

---

Definitions:

Customer Satisfaction

A measure of how products or services meet or surpass customer expectations, often crucial for business success.

Industrial Relations

The study and practice of managing the relationships between employers, employees, trade unions, and the government, focusing on conflict resolution and cooperation within the workplace.

Layoffs

The act of temporarily suspending or permanently terminating employees from their jobs, often due to economic downturns or organizational restructuring.

Strike Notice

A formal announcement made by employees or a labor union of their intention to cease work in protest against their employer over certain grievances.