Examlex
What is this week's forecast using the naive approach?
Escalating commitment
A decision-making process where individuals or organizations continue to invest in a failing course of action due to the significant resources already spent.
Non-programmed Decision-Making
The process of making decisions in unpredictable and unique situations, requiring creative and critical thinking beyond routine procedures.
Satisficing
A decision-making strategy that aims for a satisfactory or adequate result, rather than the optimal solution, due to constraints.
Consultative decisions
a process where decision-making is shared among group members, often leading to consensus.
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