Which of the following is not one of the four steps in the decision making process?
A)Specify the decision problem, including the decision maker's goals.
B)Identify options.
C)Separate routine decision problems from non-routine decision problems.
D)Measure benefits and costs to determine the value of each option.
E)Make the decision, choosing the option with the highest value.

Question

Quizplus · Accepted Answer

The four steps in the decision making process are specifying the problem and goals, identifying options, measuring benefits and costs, and making the decision. Separating routine decision problems from non-routine decision problems is not a step in the process. However, it may be a useful initial step in determining the appropriate level of analysis needed for the decision problem.

Which of the Following Is Not One of the Four