ECONOMICS
DECISION MAKING
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
|
|
thinking critically.
|
|
|
working backward.
|
|
|
choosing from various alternatives
|
|
|
using analogies.
|
Detailed explanation-1: -Decision making is the process of making choices by identifying a decision, gathering information, and assessing alternative resolutions. Using a step-by-step decision-making process can help you make more deliberate, thoughtful decisions by organizing relevant information and defining alternatives.
Detailed explanation-2: -Decision: Is a choice made between two or more available alternatives.
Detailed explanation-3: -In psychology, decision-making (also spelled decision making and decisionmaking) is regarded as the cognitive process resulting in the selection of a belief or a course of action among several possible alternative options.
Detailed explanation-4: -George R. Terry: “Decision making is the selection based on some criteria from two or more possible alternatives.” Koontz & O’Donnel: “Decision is the selection from among alternatives of a course of actions.”