ECONOMICS (CBSE/UGC NET)

Detailed explanation-1: -Step 1: Identify the decision You realize that you need to make a decision. Try to clearly define the nature of the decision you must make. This first step is very important.

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: -Pinpointing the issue is the first step to initiating the decision-making process. Ensure the problem is carefully analyzed, clearly defined, and everyone involved in the outcome agrees on what needs to be solved.

Detailed explanation-4: -Escape-decision-making strategy in which you avoid a decision or make up and answer to deflect injury. Procrastination-decision-making strategy in which you delay making the decision until someone else makes the decision or until options disappear; deciding by default.