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.

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 ...

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.

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

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.

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 ...