Steps in the Decision-Making Process

question 20

Essay

Steps in the decision-making process
i. Two of the steps in the decision-making process are to 'specify the criterion' and to 'develop a decision model'. List the remaining four steps in the decision-making process.
ii. Explain the difference between the two steps listed above, specifying the criterion and developing a decision model.

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Definitions:

Progress Invoices

Invoices that bill clients for partial amounts of an ongoing project or order, aligning with stages of work completion.

Standard Invoices

Invoices that list the products or services purchased, their prices, and the total amount due, typically used in regular business transactions.

Estimates Icon

A visual symbol or button in software applications that allows users to create or access estimates for goods or services.

Company Preferences

Configurations or settings chosen by a business to customize how their software applications operate to best meet their organizational needs.