ECONOMICS

Detailed explanation-1: -In psychology, decision-making (also spelled decision making and decisionmaking) is regarded as the cognitive process resulting in the selection of a belief or a course of action among several possible alternative options. It could be either rational or irrational.

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: -synonyms for make a decision agree. choose. conclude. determine. elect.

Detailed explanation-4: -Lesson Summary. Strategic decision-making is when a manager creates goals for an organization and develops strategies to attain them. A manager is a decision maker, and it is crucial for the manager to have commitment. Commitment is when an individual can stick with making a decision and put it into action.