ECONOMICS
DECISION MAKING
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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The decision met the person’s goals.
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The person is making more money.
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Family members think that it was a good decision.
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The person is now using all of his/her skills.
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Detailed explanation-1: -How can a person determine that a decision was a good one? The decision met the person’s goals.
Detailed explanation-2: -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-3: -Step 1: Identify the decision. You realize that you need to make a decision. Step 2: Gather relevant information. Step 3: Identify the alternatives. 7 STEPS TO EFFECTIVE. Step 4: Weigh the evidence. Step 5: Choose among alternatives. Step 6: Take action. Step 7: Review your decision & its consequences.
Detailed explanation-4: -Establish a positive decision-making environment. Generate potential solutions. Evaluate the solutions. Decide. Check your decision. Communicate and implement.