Opportunity cost refers to the potential profit provided by a missed opportunity—the result of choosing one alternative for your money over another.

Economic models help managers and economists analyze the economic decision-making process. Each model relies on a number of assumptions, or basic factors that are present in all decision situations.

A quorum is the minimum number of people required to conduct official business for an organization. Legal challenges could arise over decisions made without a quorum.

U.S. health agencies will delay by more than two months a decision on updating the definition of the nutrient content claim "healthy" that manufacturers can voluntarily use on food packages.

There are three major questions about return to play (RTP) after hamstring injuries: How should RTP be defined? Which medical criteria should support the RTP decision? And who should make the RTP ...

Satisficing is a decision-making strategy that aims for a satisfactory or adequate result, rather than the optimal solution.

Exactly how to make effective decisions across teams of different sizes, experiences, locations, and with varying amounts of data.

Definition: Decision making is the cognitive process of selecting a course of action from among alternatives. In communications circles, the study of decision making has facilitated the development of ...

Health agencies will delay by more than two months a decision on updating the definition of the nutrient content claim "healthy" that manufacturers can voluntarily use on food packages. (Brendan ...