8 Questions
Which type of decision defines the long-term framework for all subsequent decisions within a company?
Constitutive decision
What is the aim of a decision?
To select the alternative with the greatest possible utility
When are constitutive decisions made?
Throughout the life of a company
What do constitutive decisions refer to?
Elemental issues when establishing a company
Which of the following best describes constitutive decisions?
Decisions that define the long-term framework for all subsequent decisions within a company
What is the purpose of making a decision?
To select the alternative with the greatest possible utility
What are the alternatives involved in a decision?
Choices between at least two alternatives
When are constitutive decisions made?
When establishing a company
Test your knowledge on decision-making and constitutive decisions in business with this quiz. Explore the definitions and importance of these concepts in shaping the long-term framework of a company. Challenge yourself to understand the fundamental aspects of establishing and managing a business.
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