Question

Three of the steps in management's decision process are: (1) review results of decision, (2) determine and evaluate possible courses of action, and (3) make the decision. The steps are prepared in the following order.

(3), (2), (1).
(1), (2), (3).
(2), (1), (3).
(2), (3), (1)

Answer 1

The steps in management's decision process are to (2) determine and evaluate possible courses of action, then (3) make a decision, and finally (1) review the results. This sequence allows for informed decisions and learning. The correct option is 4.

Step-by-step explanation:

The correct sequence in the management's decision process out of the given choices is: (2) determine and evaluate possible courses of action, (3) make the decision, and (1) review results of the decision.

Initially, management must evaluate all possible actions before making an informed choice. Once a decision is made, the outcomes are then reviewed to understand the efficacy of the decision and gather insights for future decisions.

Decision making and planning are essential parts of managerial roles and business strategies. The decision process essentially begins with identifying and evaluating all possible courses of action.

After careful consideration, informed decisions are made. Lastly, reviewing the results helps in assessing the impact and provides learning for subsequent decision making. The correct option is 4.