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8_murik_8 [283]
3 years ago
11

What are the 6 steps for decision making

Business
1 answer:
aalyn [17]3 years ago
4 0
The Six steps for Decision Making are:

1) Defining and Analyzing the problem - One must first admit that there is a problem before any decision can be made.

2) Develop alternative solutions - Once the problem is identified and analyzed, solutions can be developed.

3) Evaluate the alternative solutions - Each solution must be analyzed to see whether it is the best solution that can solve the problem in an efficient and effective manner.

4) Select the best solution
5) Implement the Decision - Putting the solution into action
6) Follow up or Feedback on the solution - After implementing the solution, one must wait for a certain time to make sure that the solution worked or not.

If a solution does not solve the problem, the decision making process must be done again until the desired result is achieved.
 
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Why can a bank afford to pay interest rate on a savings account
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How can a bank afford to pay interest? Banks use the money deposited on savings accounts to lend to borrowers, who pay interest on their loans. ... The difference between the money earned as interest on loans, any operating expenses, and the money paid as interest to savings accounts is profit to the banks.
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3 years ago
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A law firm received $2,500 cash from a client for legal services to be rendered in the future. The full amount was credited to t
Savatey [412]

Answer:

D.

Revenues to be understated

Explanation:

Understated amounts indicate a reported amount is not correct and the reported amount is less than the true amount.

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3 years ago
Except in extreme cases, the evaluation of success or failure is ________ because time and cost to complete the project are ____
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<span>Except in extreme cases, the evaluation of success or failure is subjective because time and cost to complete the project are estimates.

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0 0
4 years ago
A_____represents a long-term debt obligation issued by a corporation or a government.
nirvana33 [79]

A <u>bond</u> represents a long-term debt obligation issued by a corporation or a government.

Debt obligation method a responsibility to make a repayment of cash to any other man or woman, inclusive of debts payable and the responsibilities springing up beneath promissory notes, payments of trade, and bonds;

A collateralized debt responsibility is a sort of based asset-backed safety. at the beginning advanced as contraptions for the company debt markets but after 2002 CDOs have become cars for refinancing mortgage-backed securities.

Month-to-month Debt obligations approach a purchaser's housing charges, along with month-to-month rent or mortgage fee, and required payments below any debt obligations (which includes the patron's month-to-month charge below the mortgage and insurance for the vehicle to be acquired under the mortgage).

Learn more about debt obligation here: brainly.com/question/24157864

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4 0
2 years ago
Suppose the cross-elasticity of demand for products A and B is 3.6, and for products C and D is -5.4. What can you conclude abou
nikitadnepr [17]

Answer:

A and B are substitutes

Explanation:

Cross price elasticity of demand measures the responsiveness of quantity demanded of good A to changes in price of good B.

If cross price elasticity of demand is positive, it means that the goods are substitute goods.

Substitute goods are goods that can be used in place of another good.

If the cross-price elasticity is negative, it means that the goods are complementary goods.

3 0
3 years ago
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