Which Step in the Decision-Making Process Involves Conveying the Decision

question 107

Multiple Choice

Which step in the decision-making process involves conveying the decision to those affected by it and getting their commitment to it?

• A)allocate weights to criteria
• B)analyze alternatives
• C)select an alternative
• D)implement the alternative
• E)evaluate decision effectiveness

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Definitions:

Interest Rates

The percentage of a loan that is charged to the borrower as interest, usually presented as an annual rate of the remaining loan balance.

Excess Reserves

Banks' reserves that are greater than the minimum regulatory requirement, not needed to fulfill lending demands.

Reserve Requirement

The reserve requirement is a central bank regulation that sets the minimum amount of reserves that must be held by a commercial bank.

Lend Out

The act of providing money or resources to another party with the expectation that the money or resources will be returned, often with interest.