Choose an organization and a particular decision situation. Then give examples, using that decision context, of each step illustrated in Exhibit. For example, you could choose a decision that would be made by a retailer, such as Best Buy or Borders. Or you could focus on a service provider, such as Hertz rent-a-car or Marriott Hotels. Alternatively, select a manufacturer, such as Nike or Nokia. Or consider a decision to be made by your college or homecity.

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1. Clarify the decision problem 2. Specify the criterion participates as part of Quantitative Analysis 3. Identify the alternativescross-functional management team 4. Develop a decision model 5. Collect the data Prmanh the responsibility of the managerial accountant Qualitative Considerations 6. Make a decision 7. Evaluate decision effectiveness