New Enroll in RBI Grade B New Batch - Starts on May 21

    Question

    Rational decision making is a multi-step process

    starting with defining the problem. What is the next step in this process?
    A Identifying the alternatives Correct Answer Incorrect Answer
    B Identifying the selection criteria Correct Answer Incorrect Answer
    C Identifying the decision maker Correct Answer Incorrect Answer
    D Identifying the biases Correct Answer Incorrect Answer
    E Identifying the technique of decision making Correct Answer Incorrect Answer

    Solution

    The steps in decision making include: ·         Identification of the problem or goal ·         Identification of criteria and importance of those criteria ·         Generate alternatives/ Identify alternatives ·         Gather evidence and evaluate alternatives ·         Select 'best' alternative i.e. take decision ·         Review of the decision

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