Examlex
A recent estimate finds that approximately 800 meteorites with mass greater than 0.1 kg strike the surface of the Earth each day.If a house covers an area of roughly then what is the probability that your house will be struck by a meteorite in your 100-year lifetime? Note that the radius of the Earth is 6,400 km.
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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