ECONOMICS
DECISION MAKING
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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evaluating thier decision
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identify the problem
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considering the advantages and disadvantages
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choosing a solution
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Detailed explanation-1: -Weighing up pros and cons is a quick, simple way to make objective, considered decisions. Quantifying options helps you to weigh up your decision. In a “Pros” column, write down all of the possible benefits of following the course of action, and all the possible negative outcomes in the “Cons” column.
Detailed explanation-2: -There are many benefits of making informed decisions, such as increased knowledge, sense of self-confidence, satisfaction with your care, and decreased anxiety and feelings of conflict about your decision.
Detailed explanation-3: -In simple words, decision-making is the most prevalent method of making judgments by seeing the issue, obtaining facts on possible arrangements, and concluding the best other option. This cycle is aided by natural or coherent interaction or a combination of the two.
Detailed explanation-4: -Determine the issue. First, determine the issue that the informed decision can solve. Gather data. Research your options. Consider the outcomes. Make a decision. Review the outcome of your decision. Take a reasonable amount of time to decide. Talk to others about your decision. More items •22-Jun-2021