ECONOMICS
DECISION MAKING
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Basically, a(n) ____ is a judgment reached after consideration.
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fact
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situation
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inference
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decision
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Explanation:
Detailed explanation-1: -de·ci·sion. n. 1. A conclusion or judgment reached after consideration: Have you come to a decision yet?
Detailed explanation-2: -The correct answer is evaluating the decision’s effectiveness. The last step in the process of decision-making is Evaluating or Monitoring the decision’s effectiveness.
Detailed explanation-3: -Decision making is the process of making choices by identifying a decision, gathering information, and assessing alternative resolutions.
Detailed explanation-4: -The first step in the rational decision making process is to think up alternative solutions. The final step in the rational decision making process is to implement and evaluate the chosen solution.
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