The five steps in the decision-making process: (8 points)

1. Identify the problem and uncertainties

2. Obtain information

3. Make predictions about the future

4. Make decisions by choosing among alternatives

5. Implement the decision

NMMF Corp, is a firm that provides home repairing services. The General Manager is trying to find new ways to increase revenues. The manager performs the following actions, related each of the actions according to its step in the five-step decision-making process: Use 1 to 5 for each action.

1. The manager calls Lanco Paint Store to ask the price of paints.

2. The manager discusses with his employees the possibility of using paint sprayers to increase productivity.

3. The workers who are not familiar with paint sprayers take more time to finish a job.

4. The manager compares the cost of buying sprayers or hiring more workers who paint by hand.

5. The project schedule confirms that demand for services has increased.

6. The manager decides to buy the paint sprayers rather than hire additional painters.

7. The paint sprayers required high cost maintenance.

8. The manager projected a 30% decrease in the time required to paint a house with the use of paint sprayers.