List the Steps Involved in the Decision-Making Process

question 92

Essay

List the steps involved in the decision-making process.

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Definitions:

Balance Sheet

A financial statement that provides a snapshot of a company's financial condition at a specific point in time, showing assets, liabilities, and shareholders' equity.

Organizational Goals

Objectives or targets that an organization aims to achieve over a specific period, guiding its strategic planning and actions.

Strategic

Relating to the identification of long-term or overall aims and interests and the means of achieving them.

Operational

Pertains to the day-to-day activities and tasks necessary for running a business or organization, focusing on efficiency and effectiveness.