ECONOMICS
INCENTIVES
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Implement the program
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Identify the problem
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Identify the procedures
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Make a plan
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Detailed explanation-1: -It includes five steps that make up its acronym PACED. The letters stand for problem, alternatives, criteria, evaluation, and decision.
Detailed explanation-2: -P identify the problem. A list the alternatives. C name your criteria. E. evaluate the alternatives, based upon your criteria.
Detailed explanation-3: -The 5-step paced decision making model is a tool that can help managers make fast, effective decisions. The model consists of five steps: problem, alternatives, criteria, evaluation, and decision.
Detailed explanation-4: -Their assigned goal is go through the PACED steps-1) Define the Problem, 2) List Alternatives, 3) Determine Criteria, 4) Evaluate Alternatives, and 5) Make a Decision.
Detailed explanation-5: -Step 1: Define the Problem. Why do you have to make a choice? Step 2: List the Alternatives. Step 3: Determine the Criteria (rules for evaluating or testing options) Step 4: Evaluate the alternatives. Step 5: Make the Decision. The Decision: Which one would work best for you?