ECONOMICS
DECISION MAKING
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Career
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Clothing
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Detailed explanation-1: -Selecting the best solution is the most critical part of decision making. There is a risk element involved in each alternative against the expected gain. Selection should be made at proper time.
Detailed explanation-2: -Decision making ability is essential to performance in any role where staff are relied upon to make reasonable and effective decisions, especially when those decisions have a significant impact on the lives of other people.
Detailed explanation-3: -Effective decision-making involves weighing options and choosing the best available option. When making decisions, it’s essential to understand the factors contributing to making a good choice. A rational decision is based on accurate information and an understanding of the situation at hand.