ECONOMICS (CBSE/UGC NET)

ECONOMICS

DECISION MAKING

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Good decision should be
A
I-based on a complete investigation of the root causes and potential problems; as well as the obvious symptoms.
B
II-should encompass an effective strategy for an implementing the solution
C
Both I & II
D
Neither I & II
Explanation: 

Detailed explanation-1: -When evaluating decisions on a day-to-day basis, there are always characteristics to consider before taking action. Some characteristics of a good decision are positive impact, inclusion, and executability.

Detailed explanation-2: -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.

There is 1 question to complete.