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Jabi, Lecturer
Category: Homework
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Experience:  I have done MBA in Finance and Accounting.
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Downsizing, right-sizing, or becoming lean has advantages and

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Downsizing, right-sizing, or becoming lean has advantages and disadvantages for organizations. What are some of the advantages? What are some of the disadvantages?

Can we ever make decisions with 100% certainty? Why or why not?"

When someone expressed that one of the elements of a decision is "the right thing to do." How do we define the right thing to do?

Described how unknown elements need to be guessed or weighted against each other to make the best possible decision. What role would probability serve when dealing with unknown elements?

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