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Management · Q391

Management Accounting

Graduate and Post Graduate · Management · question 391

Q391

Second step in decision making process is

A.
multi-collinearity information
B.
quantitative information
C.
qualitative analysis
D.
obtaining information
Answer

Answer: Option D

Solution

Answer: Option D
Solution:
Second step in decision making process is obtaining information. Gather relevant information Collect some pertinent information before you make your decision: what information is needed, the best sources of information, and how to get it. This step involves both internal and external “work.” Some information is internal: you'll seek it through a process of self-assessment.