Which of the Following Is NOT One of the Five

question 127

Multiple Choice

Which of the following is NOT one of the five basic steps involved in the rational decision model?

• A) Recognize and define a problem or opportunity.
• B) Identify and analyze alternative courses of action and estimate their effects on a problem or opportunity.
• C) Choose a preferred course of action.
• D) Conduct a stakeholders needs analysis.
• E) Implement a preferred course of action.

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Definitions:

Ordering

The process of requesting goods, services, or work to be provided or performed by another party.

Producing

The act of creating, manufacturing, or otherwise bringing into existence goods and services.

Purchase Requisition

An official request or document that a company uses to inform the purchasing department of items it needs to order.

Legal Contract

A legally binding agreement between two or more parties that is enforceable by law.