ECONOMICS

Detailed explanation-1: -A systematic thinker uses a rational approach to conclude the problem. Such individuals consider all factors before proposing a conclusion.

Detailed explanation-2: -decision analysis. an analytic and systematic approach to the study of decision making. good decision. based on logic, considers all possible alternatives, examines all available information about the future and applies decision modeling approach.

Detailed explanation-3: -The rational model of decision making, also called the classical model, explains how managers should make decisions; it assumes managers will make logical decisions that will be the optimum in furthering the organization’s best interests.

Detailed explanation-4: -1: Identifying a problem or opportunity The first step is to recognise a problem or to see opportunities that may be worthwhile. A rational decision making model is best employed where relatively complex decisions have to be made.

Detailed explanation-5: -The final step of the rational decision-making process is selecting the best alternative solution. Choosing the option and evaluating how it will lead to success will solidify the implementation process of this step.