A Decision-Making Model in Which the Decision Is Made by Comparatively

question 79

True/False

A decision-making model in which the decision is made by comparatively weighing several factors is a compensatory model.

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Definitions:

Environmental Uncertainty

Refers to the extent of unpredictability or lack of information in an organization's external environment, affecting decision-making processes.

Strategic Alliance

A formal agreement between two or more entities to pursue a set of agreed-upon objectives while remaining independent organizations.

Decentralized

Decentralized refers to the distribution of functions, powers, people or things away from a central location or authority, often seen in organizations to enhance agility and decision-making.

Self-Managing Teams

Groups of employees tasked with organizing and controlling their own work without direct supervision, responsible for planning, execution, and monitoring their tasks.