Which part of the four step framework for making decisions is linked directly to the formulation of the decision maker's goals?
A)Step 1: Specify the decision problem.
B)Step 2: Identify options.
C)Step 3: Measure benefits and costs.
D)Step 4: Make the decision.

Question

Quizplus · Accepted Answer

Step 1 involves clearly specifying the decision problem, which includes identifying the decision maker's goals and objectives.

Which Part of the Four Step Framework for Making Decisions