ECONOMICS (CBSE/UGC NET)

ECONOMICS

DECISION MAKING

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
In decision-making, determine needs, analyze personal resources, and then:
A
consider choices
B
gather information
C
Make a decision
D
act on the decision
Explanation: 

Detailed explanation-1: -In decision-making, determine needs, analyze personal resources, then: Gather information. A person can judge the success of a decision by asking: Did the decision help me meet my goal?

Detailed explanation-2: -How can a person determine that a decision was a good one? The decision met the person’s goals.

Detailed explanation-3: -The review stage is the last step of the decision-making process here, you will evaluate whether or not the specific outcome resolved the problem or opportunity you identified initially.

There is 1 question to complete.