Question
In not more than 150 words, respond to the reflective question. All management decisions consider quantitative information (factors which can be measured in numerical terms
In not more than 150 words, respond to the reflective question.
All management decisions consider quantitative information (factors which can be measured in numerical terms such as cost implication and change in profitability) and qualitative information (those that are difficult to measure in numerical terms such as satisfaction, business relationships, and morale). If you are given a task to weight factors for decision making, how much of 100% will you allocate to quantitative information and to qualitative information? Give a sample decision and the factors/criteria which should be considered.
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