When managers make decisions,the decision process used has the following steps in the order of occurrence:
A) Historical and Other Information, Prediction Model, Prediction, Decision Model, Decision, Implementation, Feedback
B) Historical and Other Information, Decision Model, Prediction Method, Implementation, Decision, Feedback
C) Historical and Other Information, Decision Model, Prediction Method, Decision, Implementation, Feedback
D) Historical and Other Information, Prediction Method, Prediction, Decision Model, Decision, Implementation, Feedback

Question

Quizplus · Accepted Answer

The correct order involves gathering historical and other information, using a prediction method to make predictions, applying a decision model, making a decision, implementing it, and then gathering feedback.

When Managers Make Decisions,the Decision Process Used Has the Following