ECONOMICS (CBSE/UGC NET)

Detailed explanation-1: -Decision-making is an integral part of modern management. Essentially, Rational or sound decision making is taken as primary function of management. Every manager takes hundreds and hundreds of decisions subconsciously or consciously making it as the key component in the role of a manager.

Detailed explanation-2: -Answer and Explanation: Decision making is a core section in management functions of any organization since it sets the direction of the organization. It’s set the pace for the other staff members. It highlights to route every staff is expected to take to help in the realization of organizational goals.

Detailed explanation-3: -Decision making is the primary function of management: The functions of management starts only when the top-level management takes strategic decisions.

Detailed explanation-4: -Decision-making is perhaps the most important component of a manager’s activities. It plays the most important role in the planning process. When the managers plan, they decide on many matters as what goals their organisation will pursue, what resources they will use, and who will perform each required task.