ECONOMICS
DECISION MAKING
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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waits until the problem has been defined by others.
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evaluates all the information before making the decision.
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always makes the right decision.
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makes decisions based on feelings.
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Detailed explanation-1: -A good decision-maker chooses actions that give the best outcome for themselves and others. They enter into the decision-making process with an open mind and do not let their own biases sway them. They make decisions rationally, after researching alternatives and understanding the consequences.
Detailed explanation-2: -Reasoning. Reasoning is one of the main skills needed to be effective at decision-making. Make sure you take into account all the benefits and disadvantages of every possible solution before you make a selection.
Detailed explanation-3: -Seek data to validate accuracy and relevancy in potential solutions. Combine experience and intuition with data to find the best solution. Assess ideas, choices, proposals, and possible outcomes. Make timely decisions.
Detailed explanation-4: -Can they make decisions themselves? Can they make decisions in tough situations? Can they learn how to make better decisions next time? 07-Jun-2021