Other Definitions
decision (dict)
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DecisionA decision is the commitment to irrevocably allocate valuable resources. A decision is a commitment to act. Action is therefore the irrevocable allocation of valuable resources. This step toward action is one of a series; in the health care field, for example, the steps may be remembered with the mnemonic BRAND, which includes Finally, It is perhaps pertinent to note that the cost of making no decision at all itself is a factor, and that the benefit of making some decision, even a random choice, can be beneficial in the longer term. Thus the reversibility of an action may be a good way to judge whether or not an action or process is beneficial. A resource can also be viewed as something expendable, or bearing a cost, rather than the implication of selecting something irrevocably. Even life and death decisions have been priced this way, as in the insurance industry. See *Benefit
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