Bob is a manager at a local Toyota dealership who has lost five of his employees during the last year. Now he has to make a deci
sion about how to retain the employees on his team. Having recently taken a class on decision making, Bob decides to follow the six-step process for deciding what to do. What problem is Bob most likely to face during the evaluation and feedback step in the decision-making process? Jumping to solutions before understanding the problem Considering only "tried and true" solutions without creating new possibilities Neglecting to gather information on whether or not the plan was successful Satisficing, or choosing the first solution that works, not the best solution
Neglecting to gather information on whether or not the plan was successful.
Explanation:
In this step, he is most likely to face the problem of Neglecting to gather information on whether or not the plan was successful. The whole goal of the evaluation and feedback step is to analyze the results that occurred due to the decision that was made and determine whether or not it was successful, and this is done by receiving feedback from those that the decision affects. The biggest problem seen in this step is when the individual fails to gather enough information to determine effectively whether or not the decision was a good decision based on whether or not it accomplished what it was meant to accomplish.
Most bookkeepers will prepare three major financial statements for your business—the profit and loss statement, balance sheet, and cash flow statement. It's a good idea to have updated financial statements every month, and then again at year end
