Spring 2018 MG301019 22702 Managers and Decision Makers Quiz

Spring 2018 MG301-019 22702 Managers and Decision Makers Quiz-Managers and Decisiorn Which of the following practices should be followed in the first stage of the decision-making process? Select one: O A. Focusing on a problem rather than on its symptoms O B. Adopting an optimizing decision O C. Evaluating the consequences of a decision O D. Performing a cost-benefit analysis ge Next pa

Solution

The first step in the decision making process is to recognize that a decision is needed to be made. They are not made arbitrarily, they are resulted from an attempt to address a specific problem or opportunity. Then follows evaluating the consequences of a decision; which is further followed by performing a cost-benefit analysis to know which alternative is to be adopted. The final thing which one would is to adopt an optimized decision.

Therefore, the practice which should be followed in the first stage of decision-making process is \"Focusing on the problem rather than on its symptoms\", Option A is correct.