The First Step in the Managerial Decision Making Process Is

question 29

Multiple Choice

The first step in the managerial decision making process is to:

• A)identify the decision problem.
• B)determine the decision alternatives.
• C)make the decision.
• D)evaluate costs and benefits.

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Definitions:

John Watson

An American psychologist who established the psychological school of behaviorism, emphasizing the study of observable behavior.

Critical Thinking

The goal of methodically analyzing and assessing a problem to come to a decision.

Scientific Disciplines

Branches of science dedicated to systematic study of the structure and behavior of the physical and natural world through observation and experiment.

Early Adulthood

A developmental stage ranging roughly from the ages of 20 to 40, where individuals reach physical peak and begin to establish their career and relationships.