ECONOMICS
DECISION MAKING
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Anonunce it publicly right away.
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Sleep on it and then anounce it.
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Ask for the opinions and inputs of those around us.
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None of the above
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Detailed explanation-1: -phrase. If you are trying to make a decision and you say that you will sleep on it, you mean that you will delay making a decision on it until the following day, so you have time to think about it.
Detailed explanation-2: -A study from Lancaster University found that among three groups of participants given both easy and difficult problems to solve, the group that was able to sleep before solving the difficult problems was most successful. Apparently, “sleeping on it” is most beneficial when it comes to dealing with tough decisions.
Detailed explanation-3: -Sleeping on a decision doesn’t make us happier with our final decision, according to new research. The study examined people’s feelings about purchasing a new laptop bag. Half of participants were given the details at night, while the other half in the morning. Twelve hours later they had to select a new case.
Detailed explanation-4: -Step 1: Identify the decision. You realize that you need to make a decision. Step 2: Gather relevant information. Step 3: Identify the alternatives. Step 4: Weigh the evidence. Step 5: Choose among alternatives. Step 6: Take action. Step 7: Review your decision & its consequences. 08-Jun-2022