Which of the Following Steps in the Managerial Decision-Making Process

question 125

Multiple Choice

Which of the following steps in the managerial decision-making process involves differential analysis?

• A)Identify the decision problem.
• B)Determine the decision alternatives.
• C)Evaluate the costs and benefits of the alternatives.
• D)Make the decision.

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Definitions:

English Colonists

Early settlers from England who established colonies in what would become the United States during the 16th and 17th centuries.

Operant Response

A behavior that is modified by its consequences, such as through reinforcements or punishments, as described in operant conditioning.

Stimulus

An external event or change in the environment that can elicit or influence a physiological or psychological response.

Negative Punishment

The removal of a desirable stimulus following unwanted behavior in order to decrease the likelihood of that behavior happening again.