ECONOMICS (CBSE/UGC NET)

ECONOMICS

DECISION MAKING

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
What is the last step of a decision making process?
A
Implementation
B
Evaluation and feedback
C
Development of alternatives
D
Analysis of causes
Explanation: 

Detailed explanation-1: -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: -The decision-making process allows for the exploration of all alternatives in order to solve a problem, and it ensures that the best solution is found. The decision-making process includes the following steps: define, identify, assess, consider, implement, and evaluate.

Detailed explanation-3: -The correct answer is evaluating the decision’s effectiveness. The last step in the process of decision-making is Evaluating or Monitoring the decision’s effectiveness.

Detailed explanation-4: -The four steps to decision making Establish decision-this is by far one of the most valuable tools used in decision making, it allows you to pick and choose between wants vs. needs. Evaluate and prioritize the importance of each decision. Evaluate-how will your choice come in effect with your life?

Detailed explanation-5: -Answer: The adaption stage is the final step in this procedure. The clinician will now try to modify the choice or resolution of the ethical conundrum by either improving it or by going back to the evaluation and selection steps to locate and select a better option.

There is 1 question to complete.