Decision Making is the cognitive process resulting in the selection of a belief or a course of action among several alternative possibilities. Every decision-making process produces a final choice that may or may not prompt action.
The reason why the father wished to close down the branch was that it appeared to be making a loss. However, it is quite the reverse; if the branch was closed then, the positive contribution from the branch would be lost and overall profits would fall.
This is because the indirect costs of production do not vary with output and, therefore, closure of a section of the firm would not lead to immediate savings. This may mean that closing the branch would be a mistake on financial grounds.
This mistake is made due to a misunderstanding of nature of cost behavior. If the branch is closed then the only costs that would be saved are the costs directly related to the running of the branch: The costs are indirect in nature, in this example the marketing and central administration costs, would still have to be paid as they are unaffected by output.
For this decision to be made, we should use contribution as a guide for deciding whether or not to close a branch. This can also be applied to the production of certain product lines, or the cost effectiveness of departments.
On financial grounds, contribution is therefore, a better guide in making decisions.most important stages in ethical decision making. Rest () considered moral judgment to be an important component of the processes involved in moral behavior, defined as “the moral reasoning process required to identify.
OBJECTIVE. These canons provide standards of ethical conduct for industrial hygienists as they practice their profession and exercise their primary mission, to protect the health and well-being of working people and the public from chemical, microbiological and physical health hazards present at, or emanating from, the workplace.
Ethical decision making requires more than a belief in the importance of ethics. It also requires ethical sensitivity to the consequence of choices, the ability to evaluate complex, ambiguous and incomplete facts, and the skill to implement ethical decisions effectively. Decision making is a critical aspect to feeling successful and happy in life; decision making is at the root of all we do. It is important to develop effective decision making skills and strategies. Problem solving strategies include, but are not limited to brain storming, cost benefit analysis. yunusemremert.com is approved by the American Psychological Association (APA) to sponsor continuing education for psychologists. yunusemremert.com maintains responsibility for this program and its content. yunusemremert.com, provider #, is approved as a provider for social work continuing education by the Association of Social Work Boards (ASWB) yunusemremert.com, through .
What information consumes is rather obvious: it consumes the attention of its recipients. Hence a wealth of information creates a poverty of attention, and a need to allocate that attention efficiently among the overabundance of information sources that might consume it.
Explain the importance of understanding your personal ethical perspective. Analyze the relationship between personal and professional ethics in psychology. Discuss how the APA decision-making process facilitates more ethical professional behavior. Problem Solving Problem Solving is the Capacity and the Ability to Evaluate Information and to Predict Future Outcomes.
The Ability to Seek out Logical Solutions to Problems, Calmly and Systematically, without making things worse. Decision Making - Cause and Effect.
"There are no Problems, only Solutions" Every Problem can be solved, you just have to learn how to solve it. Ethics or moral philosophy is a branch of philosophy that involves systematizing, defending, and recommending concepts of right and wrong conduct.
The field of ethics, along with aesthetics, concern matters of value, and thus comprise the branch of philosophy called axiology.. Ethics seeks to resolve questions of human morality by defining concepts such as good and evil, right and wrong.