ECONOMICS (CBSE/UGC NET)

Detailed explanation-1: -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-2: -4 Methods of Decision Making Consult – invite input from others. Vote – discuss options and then call for a vote. Consensus – talk until everyone agrees to one decision.

Detailed explanation-3: -1 Brainstorming. A brainstorming session is a type of group decision making that can be really effective when you need to raise potential ideas and solutions. 2 The Delphi Method. 3 Weighted Scoring. 4 Nominal Group Technique. 5 Possibility Ranking. 6 The Stepladder Technique. 7 Pros and Cons list. 8 Didactic Interaction. More items •21-Jun-2021

Detailed explanation-4: -Develop evidence to support views. Analyze situations carefully. Discuss subjects in an organized way. Predict the consequences of actions. Weigh alternatives. Generate and organize ideas. Form and apply concepts. Design systematic plans of action.