ECONOMICS
DECISION MAKING
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Plans
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Resources
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Steps
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People
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Detailed explanation-1: -Numerous types of skills go into decision-making, including analysis, creativity, collaboration, and leadership skills.
Detailed explanation-2: -The sources of information mostly used for decision making by the senior managers includes reports, minutes of meetings, internal memoranda, policies files among many others, while newsletters, library and information centers, textbooks, official bulletins and journals are sparingly consulted.
Detailed explanation-3: -It provides comprehensive and curated knowledge that enables individuals to make decisions quickly and with more confidence. When all relevant data is displayed in one place, decision-makers can quickly evaluate the content and focus on the pertinent information.
Detailed explanation-4: -Identify the problem. Collect data and information. Brainstorm all possible alternatives. Weigh the alternatives. Take your pick. Enact a plan. Review the decision. 07-Jun-2021