The Essence of Decision Analysis Is

question 74

Multiple Choice

The essence of decision analysis is:

• A) breaking down complex situations into manageable elements.
• B) choosing the best course of action among alternatives.
• C) finding the root cause of why something has gone wrong.
• D) thinking ahead to avoid negative consequences.

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Definitions:

Goal Setting

The process of identifying something that one aims to achieve and establishing measurable objectives and timeframes to accomplish it.

Efficiency;Effectiveness

Efficiency refers to accomplishing something with the least waste of time and effort; effectiveness is about achieving the intended or desired result.

Management By Objectives

A management strategy where employees and managers collaborate to set, understand, and achieve specific objectives within an organization.

Performance Management

A systematic process by an organization to improve employee performance through objectives, feedback, and coaching.