The first step in the managerial decision making process is to:
A)identify the decision problem.
B)determine the decision alternatives.
C)make the decision.
D)evaluate costs and benefits.

Question

Quizplus · Accepted Answer

The first step in the managerial decision making process is to identify the decision problem. This involves recognizing the issue that needs to be addressed or the goal that needs to be achieved. Without a clear understanding of the problem, it is difficult to move forward with determining alternatives, making a decision, or evaluating costs and benefits. Therefore, identifying the decision problem is the crucial first step.

The First Step in the Managerial Decision Making Process Is