ECONOMICS
DECISION MAKING
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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True
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False
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Either A or B
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None of the above
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Detailed explanation-1: -Decision making is the process when someone will choose between multiple alternatives. As stated above, being able to make a decision a good one at that you need to have a solid judgment. These two things tie in together; often, bad judgment can lead to bad decisions.
Detailed explanation-2: -A decision is defined as a conclusion or resolution reached after consideration and choice is an act of selecting or making a decision when faced with two or more possibilities.
Detailed explanation-3: -The difference between “making a decision” and “jumping to a conclusion” is that making a decision requires you have the appropriate accurate data to support the decision while jumping to a conclusion has nothing to do with data and everything to do with emotions.
Detailed explanation-4: -: the act or process of deciding. the moment of decision has come. : a determination arrived at after consideration : conclusion. made the decision to attend graduate school. : a report of a conclusion.