Essays on Decision Making

Matto and Sippola (2016), define cost management as the “application of MA (managerial accounting) concepts, methods of data collection, and presentation in order to provide the information needed to plan, monitor and control costs”. Business owners and management face decision making on a continual basis...

Investments are funds commitments to one or more assets to be held for a period in the future, with an expectations that these assets will result in higher revenue. For investments involving financial assets such as stocks, there are many factors that need to be...

The change in decision making skills performance due to different controlled conditions in both participants are observed using qualitative research method. An interview session has been held with the both participant that comprises of 2 steps. For step 1, observing how participant answering a set...

Ethics are comprised of the principled code, or theory, that controls an individual’s decisions and practices. Simply put ethics are socially constructed definitions of what is right and wrong. Ethics is worried about rights, duties, utilization of dialect, living a moral life and how individuals...

Blink: The Power of Thinking Without Thinking by Malcom Gladwell is an exploratory work that examines the human mind’s intuitive decision-making abilities. Gladwell’s work provides several accounts and examples that support his argument that judgements or decisions made in a split-second (snap judgements) with very...

A essay about the evaluation of expert judgment and why should we study itI believe we all have at least asked ourselves once in our life, if we should carry a umbrella in our bag because the weather forecast has predicted so. Should we trust...

We come across the word data, information and knowledge numeracy times especially in business organizations. These words have been confused by people and they use them interchangeably as it seems similar. However, they are completely different although they have a relationship with each other. Therefore,...

The world is waking up to the problems of counterfeit medicines by developing regulations to safeguard the supply chain. By 2019, more than 75% of the world’s prescription medications will be considered under different legislations. Implementation of a robust serialization process can help organizations curtail...

There are several methods are accessible which make data understanding very easy. These methods help us to comprehend the factors and their mode of communication with each other. So to understand all these things, making a “decision tree” such as an “influence diagram” is definitely...

Eastern hemlock (Tsuga canadensis, L. ) is a tree that has inspired artists and scientists alike. One need only walk through a hemlock forest to experience a sense of quiet and awe, as the canopy envelopes those beneath its green ceiling. One need only walk...