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The largest component of private investment expenditure is
Programmed Decisions
Decisions that are routine and repetitive, for which established processes or rules exist.
Nonprogrammed Decisions
Decisions that are made in response to unique, non-recurring or exceptional situations that require specific solutions.
Managerial Discretion
The flexibility and authority granted to managers to make decisions and act according to their judgment in organizational settings.
Organizational Process Model
A framework describing how organizations transform inputs into outcomes through a series of processes and activities.
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