The First Step in the Decision-Making Process Is

question 2

Multiple Choice

The first step in the decision-making process is:

• A) comparing your choices.
• B) defining what you need or want.
• C) examining your resources.
• D) developing a plan.

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Definitions:

Decision Management

The process of making business decisions through repeatable and manageable methodologies, often aided by specialized software.

Standard Costs

Predetermined costs for materials, labor, and overheads used as benchmarks to evaluate actual production or manufacturing costs.

Printer Supplies

Items and consumables such as ink, toner, paper, and maintenance kits needed for the operation of printers.

Academic Term

A period of study in an educational institution, often divided into semesters, trimesters, or quarters.