ECONOMICS
DECISION MAKING
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Weighing your options
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Making your decision and taking action
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Implementing the plan
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None of the above
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Detailed explanation-1: -STEP 7: Review. 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.
Detailed explanation-2: -Step 4: Weigh the evidence Draw on your information and emotions to imagine what it would be like if you carried out each of the alternatives to the end. Evaluate whether the need identified in Step 1 would be met or resolved through the use of each alternative.
Detailed explanation-3: -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-4: -Step One: Define the Problem. Step One is about diagnosing the problem – the context, background and symptoms of the issue. Step Two: Determine the Root Cause(s) of. Step Three: Develop Alternative Solutions. Step Four: Select a Solution. Step Five: Implement the Solution. Step Six: Evaluate the Outcome.