Question

 The limit imposed by the firm itself of its environment on the decision-maker is called
1. Parameters
2. Constraints
3. Constructs
4. Perimeters

Answer 1

Correct Answer - Option 2 : Constraints

Explanation:

• Decision making is defined as the selection of a course of action from among alternatives.
• Decision making and problem-solving are ongoing processes of evaluating situations or problems, considering alternatives, making choices, and following them up with the necessary actions.
• The entire decision-making process is dependent upon some factors which are considered by the firm according to their requirement and then certain conditions has been imposed on decision making so that he/she will always make a decision according to their company requirement and reputation these conditions are called the Constraint of decision making.
• Certains variables have been also recommended by the firm for the decision-makers on which they have evaluated the problem and their solution these variables are called Parameter of decision making.