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Q. All of the following are steps in the decision-making process EXCEPT

Q. ………. helps management to evaluate alternative course of action for selecting the best course of action

Q. The minimum EOL will always result in the same decision as

Q. ............................... is used to imitate an operation prior to actual performance.

Q. In queuing theory, ...................... is a person by whom service is rendered.

Q. Shadow price is also called ......................

Q. The position in the pay off matrix where the maximin coincides with the minimax.

Q. a customer’s behaviour of leaving the queue when he does not like to wait in the queue due to lack of time or space is called .....................

Q. VAM is also called........................

Q. ......................... deals with making sound decisions under conditions of certainty, risk and uncertainty.