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If the money wage rate rises,
Programmed Decisions
Decisions that are routine and repetitive, often made using established guidelines or procedures.
Creative Solutions
Innovative and unique solutions developed to solve problems or address challenges in new ways.
Established Decision Rule
A predefined guideline or criterion that assists in the decision-making process, helping to choose among alternatives.
Rational Model
A decision-making model based on logically analyzing all alternatives and choosing the most optimal solution based on predetermined criteria.
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