In Which Step of the Decision-Making Process Do Managers Compare

question 58

Multiple Choice

In which step of the decision-making process do managers compare predicted benefits?

• A)Step 1: Identify the Problem and Uncertainties.
• B)Step 2: Obtain Information.
• C)Step 3: Make Predictions About the Future.
• D)Step 4: Make Decisions by Choosing Among Alternatives.
• E)Step 5: Implement the Decision,Evaluate Performance,and Learn

---

Definitions:

Developed, Democratic Countries

Nations characterized by advanced economic development, democratic governance, and high levels of social welfare.

Market Economies

Economic systems where supply and demand from consumers drive the production, allocation, and distribution of resources.

Privatisation

The selling of state‐owned enterprises into private ownership.

State-Owned Enterprises

Organizations that are owned and operated by the government and play a role in the delivery of public services or the production of goods.