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: -Define your goal. State the decision to be made. Evaluate your choices. Make your decision.
Detailed explanation-2: -Planning is the function of management that involves setting objectives and determining a course of action for achieving those objectives.
Detailed explanation-3: -State the situation, List the options, Weigh the possible outcomes, consider values, make a decision and act it out, evaluate the decision.
Detailed explanation-4: -The Benefits By seeking advice from the right people-and in the right ways-you can develop smarter solutions to problems, deepen your thinking, and sharpen your decision making. And by becoming a better adviser, you’ll extend your influence and learn from the people who come to you for guidance.