Discuss Why Qualitative Characteristics Must Be Considered When Making Decisions

question 147

Essay

Discuss why qualitative characteristics must be considered when making decisions such as special orders,outsourcing,elimination and replacement decisions,and scarce resource allocation decisions.Give examples.

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Definitions:

Indian Tribes

Indigenous peoples of the Americas, organized into societies or communities sharing common territories, customs, and cultural traits.

Peace Policy

An approach by governments or organizations towards achieving peace and resolving conflicts through diplomacy, negotiation, and nonviolent means.

Gold Standard

Policy at various points in American history by which the value of a dollar is set at a fixed price in terms of gold (in the post–World War II era, for example, $35 per ounce of gold).

Gilded Age

A period in late 19th century American history characterized by rapid economic growth, especially in the North and West, but also marked by stark social inequalities and lavish lifestyles of the elite.