The First Step in the Managerial Decision-Making Process Is To

question 80

Multiple Choice

The first step in the managerial decision-making process is to:

• A) choose between alternatives.
• B) assess alternatives.
• C) implement the chosen alternative.
• D) recognize the need for a decision.
• E) conduct a retrospective analysis.

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Definitions:

University-Level Courses

Advanced academic or vocational subjects taught at universities or similar institutions to students working toward a degree or certification.

Proximal Goal

A short-term objective set to be achieved in the near future, contributing towards reaching a broader, long-term goal.

Behaviourist School

A psychological approach focusing on observable behaviors and external stimuli, often excluding internal thoughts and feelings from its analysis.

Reward and Punishment

Incentive-based approaches used in various settings, including workplaces and schools, to encourage desirable behaviors (reward) and discourage unwanted ones (punishment).