ECONOMICS (CBSE/UGC NET)

ECONOMICS

DECISION MAKING

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
When you make the wrong decision you should:
A
Take responsibility for your actions
B
Do not blame someone else
C
Learn from the experience
D
Blame others
Explanation: 

Detailed explanation-1: -Bad decision affects one’s life badly. Actually our success depends on the decision which we take at present. If our decision is wrong, we have to repent for it because it ruins the countless happy moments of life. Our failure creates disappointment and we forget the essence of life.

Detailed explanation-2: -The 5 steps are problem recognition, information search, alternatives evaluation, purchase decision and post-purchase evaluation.

Detailed explanation-3: -Accept responsibility. Realise that you did your best with what you had. Use your experience as a learning curve. Remember that literally no one is perfect. Welcome your emotions.

Detailed explanation-4: -Take full responsibility for your choices and actions. Understand why you made the wrong decisions you made. Apologize and explain ( don’t offer any excuses ) Focus on the present ( be positive and forget the mistake ) To be proactive in the future. 16-Jul-2017

There is 1 question to complete.