New Click here to Enroll for SIDBI MSME Expert Classes by Experts

    Register

    Question

    Decision making process first requires identification of

    problem. Which of the following types of problems can be considered here?
    A Routine problems Correct Answer Incorrect Answer
    B Crisis problems Correct Answer Incorrect Answer
    C Problems of failing to take advantage of opportunities Correct Answer Incorrect Answer
    D Problems of not defining the goals or objectives Correct Answer Incorrect Answer
    E All of the above Correct Answer Incorrect Answer

    Solution

    Decision making is the process of making choices by identifying a problem, gathering information, assessing alternative resolutions and then choosing the best alternative for the problem. The first step is to identify the problem. This relates to any type of problem that needs to be addressed which may be of routine or non-routine nature. It may also be associated with identification or establishing of specific goals and objectives to be achieved or opportunities to be identified.

    Practice Next

    Relevant for Exams: