(Answered) Use the six steps of decision making for a significant

Management Studies

Use the Six Steps of Decision Making for a significant professional decision you are going to have to make. If your current situation does not require additional analysis you may offer to perform this analysis on a friend or relatives financial situation.

Define the problem
Determine the objective
Explore Alternatives
Predict the Consequences
Make a choice
Perform Sensitivity Analysis

Samuelson, W. F., & Marks, S. G. (2015). Managerial Economics (8th Edition). Hoboken, N.J.: John Wiley and Sons Inc.

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