Final answer:
A decision is a choice made after considering available options. The rational model of decision making involves identifying the problem, gathering information, evaluating alternatives, selecting the best one, implementing the decision, and monitoring/evaluating the results.
Step-by-step explanation:
Decision
A decision is a choice or selection made after considering available options or alternatives. It involves the process of identifying a problem or opportunity, gathering relevant information, evaluating potential outcomes, and selecting the best course of action.
Rational Model of Decision Making
- Identify the problem: Clearly define the issue or situation that requires a decision.
- Gather information: Collect relevant data and facts about the problem, including possible solutions or alternatives.
- Evaluate alternatives: Assess the pros and cons of each option, considering their potential outcomes and consequences.
- Select the best alternative: Choose the option that maximizes benefits and minimizes risks based on the evaluation.
- Implement the decision: Put the chosen alternative into action.
- Monitor and evaluate: Assess the results of the decision and make adjustments if necessary.
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