Question

The managerial decision-making process has which of the following as its third step?

a) Identifying alternatives
b) Implementing the decision
c) Evaluating results
d) Defining the problem

Answer 1

The third step of the managerial decision-making process is identifying alternatives, which is crucial for managers to explore different solutions before making a decision.

Step-by-step explanation:

The managerial decision-making process typically involves several steps, where the third step is typically 'identifying alternatives'. This step comes after defining the problem and before evaluating each alternative and making a decision. It is crucial for managers to consider various possible ways to address the issue at hand, enabling them to choose the most effective one. Identifying alternatives provides a range of possible solutions from which the most viable option can be selected for implementation.