Question: Describe the steps in rational decision making.

Describe the steps in rational decision making.

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Rational decision making is a sixstep process in which managers define problems evaluate alternatives and compute optimal solutions The steps are as follows Define the problem Managers should understand the exact problem that they are trying to solve and the problem should be clear Identify decision criteria Decision criteria are the standards used to guide judgments and decisions Weight the criteria Managers should decide which criteria are more or less important Two techniques for weighting include absolute comparisons and relative comparisons Generate alternative ... View full answer

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