What Is the First Step in the Managerial Decision-Making Process

question 40

Multiple Choice

What is the first step in the managerial decision-making process?

• A) evaluate the problem
• B) create a problem opportunity
• C) identify the problem or opportunity
• D) identify a solution to the problem

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Definitions:

Prospective Customer

An individual or entity that is considered a potential buyer of products or services but has not yet made a purchase.

After-The-Sale Service

Support provided to a customer after a product has been purchased, including maintenance, repair services, and helpdesk assistance.

Technical Skill

The ability and knowledge necessary to accomplish specific tasks, often relating to computational and physical technology.

Cognitive Ability

The capacity of an individual to perform various mental activities related to learning, problem-solving, decision-making, and similar intellectual functions.