What are the advantages and disadvantages of having the power to make decisions
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- The power to make decisions is granted through authority.;True or FalsePlease do not give solution in image format thanku As mentioned in the article, public participation in decision-making was democracy at work as it helped the state make better decisions, it built trust between government, communities, and stakeholders. It also empowered citizens with the knowledge that their voices were being heard. Considering the above, provide a discussion highlighting the importance of public participation in the decision-making process.Principle two of King I report states that the board of directors and managers should ensure that through a managed and effective process, board appointments are made that provide a mix of proficient directors, each of whom is able to add value and to bring independent judgement to bear on the decision-making process. Describe how this principle is important in risk management?
- When necessary, Shareholders have residual decision-making powers to assist in situations where the Board of Directors are unable to act due to a decision deadlock. This means Shareholders can help to break the deadlock by voting on business decisions. Do you agree with this statement? You must refer to law.In a situation of conflict of interest, making a good decision requires all of the following except a. Negligence b. Impartiality c. Objectivity d. FairnessList and explain the assumptions of the administrative Decision-making Model. Write short essay questions
- Why would a firm invest in an expert system if it already employs the experts whose knowledge and experience would be used to develop the system’s decision support capabilities?Mangement Company X is facing a critical decision regarding a major expansion project. The executive team is divided on the best course of action. Analyze the situation and propose a decision-making strategy that can help the company resolve the conflict and move forward. Discuss the leadership skills required to facilitate effective decision-making in such a situation.Distinguish between making decisions under conditions of certainty, risk, and uncertainty.
- Decision regarding the risk that is taken in the senior management orders when closing positions in investment portfolios to guarantee profitability for its clients, after an announcement from the FED that indicates that the possibility of losses in stock titles in the capital market has increased . Select one: a.Mitigation. b.Acceptance. c.Transfer. d.Control.Think of one corporate transaction, whether financial or nonfinancial, that may take place in any level of organization (which may involve, shareholders, directors, president, senior management, department, individual, an employee in the organization). Indicate one possible objective of this transaction, then, provide control to ensure that such transaction will run smoothly and achieve its objective. Explain briefly how your suggested control helps the transaction achieve its objective. You may suggest a control already implemented by certain organizations, or you may develop your own control. Please answer this po. Thank youWhat can individuals do to improve the quality of their decision-making?