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Marginal product is the increase in total product as a result of adding one more unit of output.
Logical But Impractical Decisions
Decisions that make sense from a rational standpoint but are not feasible or practical in reality.
Increased Uncertainty
Refers to situations where there is a higher degree of unpredictability regarding the future or outcomes of events.
Group-Aided Decision Making
A process where decisions are made collectively by a group of individuals rather than by a single person, enhancing diversity of thought and perspectives.
Sociotechnical Decision Making
Decision-making processes that consider both the social and technological aspects of an organization to optimize both human and technical systems.
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