ECONOMICS
DECISION MAKING
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Act on your decision
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Evaluate your decision
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Analyze and study your options
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Make the decision
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Identify the decision to be made
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Detailed explanation-1: -Step 7: Review your decision & its consequences In this final step, consider the results of your decision and evaluate whether or not it has resolved the need you identified in Step 1. If the decision has not met the identified need, you may want to repeat certain steps of the process to make a new decision.
Detailed explanation-2: -Step 5: Evaluate Your Decision. Once you have made your final decision and put it into action, it is necessary to evaluate the decision and the steps you have taken to ensure that it works.
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. 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-4: -Programmed And Non-Programmed Decisions: Operational and Strategic Decisions: Organizational and Personal Decisions: Major and Minor Decisions: Individual and Group Decisions: Tactical and Operational Decisions: