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| Topic: |
Business
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| Number of pages / Number of words: |
6 / 1538 |
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First, it is often very difficult if not impossible to foresee all the consequences of a business decision. Accurate forecast of outcomes are required in situations where very little data or experience is available. The more complex the decision, the harder it becomes (Fritzsche, 1997).
Second many decisions have consequences that are not easily measured and often lack common measurement units...
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The more complex the decision, the harder it becomes (Fritzsche, 1997).
Second many decisions have consequences that are not easily measured and often lack common measurement units. For example installing emission control equipment on a smokestack to meet the current environmental requirements may cost $500,000...
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