ECONOMICS
DECISION MAKING
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Choose One
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Evaluate Choices
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Define the Problem
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Act on your Choice
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Detailed explanation-1: -Step 1: Identify the decision. You realize that you need to make a decision. Step 2: Gather relevant information. Step 3: Identify the alternatives. Step 4: Weigh the evidence. Step 5: Choose among alternatives. Step 6: Take action. Step 7: Review your decision & its consequences. 08-Jun-2022
Detailed explanation-2: -Weigh the evidence. Choose among the alternatives. Take action. Review your decision.
Detailed explanation-3: -The decision-making process includes the following steps: define, identify, assess, consider, implement, and evaluate.
Detailed explanation-4: -Assess the Situation. Take the time to identify the situation clearly and then organize the issues that need to be addressed. Take a Fresh Perspective. Consider Your Options. Analyze Each Option. Get Unstuck. Make the Decision. Define an Action Plan. Communicate Your Decision. More items