Which of the following is the first step in the decision-making process?
A)Evaluate the cost and revenue data
B)Identify workable alternatives
C)Consider appropriate nonfinancial factors
D)Define the problem

Question

Quizplus · Accepted Answer

Defining the problem is the first step in the decision-making process as it helps in identifying the issue at hand and setting the boundaries for possible alternatives. Only after defining the problem can the other steps be carried out effectively.

Which of the Following Is the First Step in the Decision-Making