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The Steps in the Management Decision-Making Framework Are Shown in Random

Question 79

Short Answer

The steps in the management decision-making framework are shown in random order below. Indicate the correct order
a. Calculate relevant costs and benefits for each option.
b. Implement your decision.
c. Clearly outline the problem and its related unknowns.
d. Select the option that maximizes the benefit to the organization and meets required qualitative criteria.
e. Identify suitable options and gather relevant qualitative and quantitative information, making informed assumptions as need be.

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