Fill in the blank. If managers are familiar with the decision-making process, then a business is more likely to adopt a ..... approach to solving problems and finding solutions

INFORMATION FOR DECISION MAKING

Please wait while the activity loads.
If this activity does not load, try refreshing your browser. Also, this page requires javascript. Please visit using a browser with javascript enabled.

If loading fails, click here to try again

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

Fill in the blank. If managers are familiar with the decision-making process, then a business is more likely to adopt a ____ approach to solving problems and finding solutions

A	Systematic
B	Chaotic
C	Organic
D	Randomised
E	None of the answers

Explanation:

Detailed explanation-1: -Answer: A) Planning. Planning primarily involves focusing on the company goals and techniques implemented to achieve the set goals. It focuses on future activities within an organization.

Detailed explanation-2: -Decision making is the process of making choices by identifying a decision, gathering information, and assessing alternative resolutions. Using a step-by-step decision-making process can help you make more deliberate, thoughtful decisions by organizing relevant information and defining alternatives.

Detailed explanation-3: -All managers want to make the best decisions. To do so, managers need to have the ideal resources-information, time, personnel, equipment, and supplies-and identify any limiting factors. Realistically, managers operate in an environment that normally doesn’t provide ideal resources.

There is 1 question to complete.

ECONOMICS

COST ACCOUNTING

INFORMATION FOR DECISION MAKING