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Question

Economics Question on Economics and economic theories

Identify the correct sequence of steps involved in the Decision Making process
A. Allocation of weights to criteria
B. Evaluation of Decision effectiveness
C. Identification of a problem and Decision criteria
D. Development & Analysis of alternatives
E. Selection and Implementation of Alternative
Choose the correct answer from the options given below:

A

C, A, B, E, D

B

A, C, E, D, B

C

A, C, D, B, E

D

C, A, D, E, B

Answer

C, A, D, E, B

Explanation

Solution

The correct option is (D):C, A, D, E, B