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Simon,a trainer,meets with his team to discuss the possibility of senior engineers training the new engineers.He also meets with the human resources director to see if she can offer training seminars,and to examine the effect of increased work experience on training requirements.At which step of the rational model of decision making is Simon at?
Budgeted Income Statement
A financial report that projects income, expenses, and net income for a future period based on management's expectations.
Budgeted Sales
Projected sales amounts estimated for a future period, often used for planning and strategy purposes.
Cash Collections
The process of gathering and managing cash inflows from various sources, such as sales or receivables.
Planning
Selecting a course of action and specifying how the action will be implemented.
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