Which of the following is the first step while carrying out a short-run decision analysis?
A)Prepare a thorough analysis of each possible solution
B)Identify all reasonable courses of action that can solve the problem or meet the need
C)Discover a problem or need
D)Select the best course of action

Question

Quizplus · Accepted Answer

The first step in carrying out a short-run decision analysis is to identify a problem or need that requires a decision to be made. Without an identified problem or need, there is no reason to analyze possible solutions or select a course of action.

Which of the Following Is the First Step While Carrying