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Management · Q398

Management Accounting

Graduate and Post Graduate · Management · question 398

Q398

First step in decision making process is to

A.
identify problem
Answer
B.
identify linear variable
C.
identify certainty
D.
identify multiplier

Answer: Option A

Solution

Answer: Option A
Solution:
First step in decision making process is to identify problem. The first step in making the right decision is recognizing the problem or opportunity and deciding to address it. Determine why this decision will make a difference to your customers or fellow employees.