decision making
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Last updated 3:22 PM on 2/2/26
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4 Terms
1
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two methods to make a decision
decision making process: more than two options
pros & cons chart: two options
2
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six steps of decision making process (doc mater)
define the problem
obtain accurate information
compare choices
make a decision
take action (action to implement choice)
reevaluate your choice (3-6 months after)
3
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trade off
getting something in return for giving up something else - created opportunity costs
4
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opportunity cost
the value of what you give up during a trade off (doesn’t have to be money)
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