Managerial decision making typically centres on three types of problems. The type of problem in which there is a potential for significant organisational gain to be made, if appropriate action is taken is called:

Question

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An opportunity in managerial decision-making refers to a situation where there is potential for significant organizational gain if appropriate actions are taken. This contrasts with problems or crises that require immediate attention to prevent loss or damage.

Managerial Decision Making Typically Centres on Three Types of Problems