After being laid off by their companies, many individuals recognized three options they could choose from before they could secure new jobs: to spend less, to use savings, or to use credit. In the context of the steps involved in the rational decision-making model, they were _____.

Question

Quizplus · Accepted Answer

The laid-off employees were in the second step of the rational decision-making process. The second step in the decision-making process is identifying appropriate alternatives. Once the decision situation has been recognized and defined, the second step is to identify alternative courses of effective action.

After Being Laid Off by Their Companies, Many Individuals Recognized