The Third Step in the Rational Decision-Making Process Is

question 24

Multiple Choice

The third step in the rational decision-making process is

• A)create a contingency plan.
• B)determine the type of decision.
• C)evaluate alternatives.
• D)control: measure and adjust
• E)implement the plan.

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Definitions:

Free-Riding

The act of taking advantage of others' efforts or contributions without offering one's own share or effort, particularly in a cooperative environment or group setting.

Groupthink

A psychological phenomenon that occurs within a group of people when the desire for harmony in decision-making results in an irrational or dysfunctional decision outcome.

Internal Auditors

Professionals who conduct audits within an organization to assess the effectiveness, efficiency, and compliance of its operations, processes, and controls.

Sub-Teams

Smaller, specialized groups formed within a larger team to focus on specific tasks or objectives, contributing to more efficient project management.