ECONOMICS
DECISION MAKING
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
|
|
Let someone else make the decision
|
|
|
Consider every possible option
|
|
|
Delay making a decision
|
|
|
Pick the option with the lowest level of risk
|
Detailed explanation-1: -Compliant – This is when a person is content to let someone else decide and typically doesn’t assert his or her own preferences. Delaying – Avoiding thinking about it or taking action. In this approach the decision maker procrastinates and hopes that something happens on its own to avoid making a decision.
Detailed explanation-2: -Procrastination is the act of unnecessarily postponing decisions or actions. For example, a person is procrastinating when they delay working on an assignment until right before its deadline for no reason, even though they know that it would be better for them to start earlier.
Detailed explanation-3: -procrastination. decision making strategy in which you delay making the decision until someone else makes the decision or until options disappear “by default".
Detailed explanation-4: -Hence, we conclude that changing the desired outcome is NOT one of the steps involved in the decision-making process.
Detailed explanation-5: -Try to clearly define the nature of the decision you must make. This first step is very important. Collect some pertinent information before you make your decision: what information is needed, the best sources of information, and how to get it.