Answer :
Answer: Option (C)
Explanation:
The method of making the choices thereby analyzing the decision, accumulating information and data, and thus evaluating the alternative resolutions is called decision-making process. Using this process or method can further help an individual make much more thoughtful and calculated decisions thereby systematizing the information and data.
Answer:
C. basing decisions on sunk costs.
Explanation:
This is the option that does not represent a step in the managerial decision-making process. Defining business goals is an extremely important step, as this is the factor that provides guidance to managers and informs them of which path to follow. Identifying alternative courses of action is important because it allows managers to think outside the box. Finally, gathering and analyzing relevant information allows managers to act in an informed way.