GENERAL KNOWLEDGE

Detailed explanation-1: -This step requires you to look for many different solutions for the problem at hand. Finding more than one possible alternative is important when it comes to business decision-making, because different stakeholders may have different needs depending on their role.

Detailed explanation-2: -The third step in the decision-making process is to evaluate the options. Having gathered the data, you can start analyzing the options and determining the pros and cons for each possibility. During this phase, you consider your company’s needs and limitations as well as the possibilities associated with each option.

Detailed explanation-3: -The process of analyzing and evaluating alternatives applies evaluation criteria to alternatives or options in a way that facilitates decision making. This may be a one-step or multi-step process, depending on the complexity of the alternatives and the decision.

Detailed explanation-4: -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. Monitoring is required to determine the effectiveness of the implemented decisions.