ECONOMICS
DECISION MAKING
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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The third step of decision making is
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List your options
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Outline the consequences
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Identify the problem
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Make the decision
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Explanation:
Detailed explanation-1: -Identify the alternatives. Weigh the evidence. Choose among the alternatives. Take action.
Detailed explanation-2: -Decision making can also be classified into three categories based on the level at which they occur. Strategic decisions set the course of organization. Tactical decisions are decisions about how things will get done. Finally, operational decisions are decisions that employees make each day to run the organization.
Detailed explanation-3: -Define the problem or need: Analyze the issue at hand: Implement and communicate: Learn from the process and the outcome:
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