Asked by Cooper Lumsden on May 31, 2024

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What is decision making? Who is responsible for decision making in a managerial situation?

Managerial Situation

A managerial situation involves the context and conditions under which managers make decisions, handle operations, and solve problems within an organization.

Decision Making

Decision making is the process of making choices by identifying a decision, gathering information, and assessing alternative resolutions.

  • Examine the fundamentals of financial and managerial accounting.
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Zybrea KnightJun 02, 2024
Final Answer :
Decision making is choosing among alternative actions. It is a component inherent in each of the other management processes of planning, directing, controlling, and improving. For example, in directing operations, managers must continually decide on an operating structure, training procedures, and staffing of day-to-day operations.