Are judgment and decision-making interrelated processes? Explain.

Open in App

Solution

Judgement and decision-making are interrelated processes. In judgment the conclusions are drawn from opinions or events, based upon evidences. Decision-making requires choosing among the alternatives by evaluating the cost and benefit associated with each alternative. Thus, decision-making and judgment are both based upon conclusions that are arrived at by reasoning.

Suggest Corrections

Similar questions

Q. An organisation is a collection of interdependent decision- making units that exists to pursue organisational objective . In the light of this statement, Explain the relationship between information and decision . Also explain the role of transaction processing system in facilitating the decision - making process in business organisations.

'An organisation is a collection of interdependent decision-making units that exists to pursue organisational objectives'. In the light of this statement, explain the relationship between information and decisions. Also explain the role of transaction processing system in facilitating the decision-making process in buseness organisations.

‘An organisation is a collection of interdependent decision-making units that exists to pursue organisational objectives. In the light of this statement, explain the relationship between information and decisions. Also explain the role of Transaction Processing System in facilitating the decision-making process in business organisations.

Q. A group decision making method in which individual members meet face to face to pool their judgments, is known as ___________.

What are the interrelated processes of urine formation?

Join BYJU'S Learning Program