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Question 2: (50 marks- 500wards) Decision making process is not only important for managers, but...

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Finance

Question 2: (50 marks- 500wards)

Decision making process is not only important for managers, but also helps other business professionals solve problems by examining alternative choices and deciding on the best route to take. Using a step-by-step approach is an efficient way to make thoughtful, informed decisions that have a positive impact on your organizations short- and long-term goals.

a.Explain the importance of decision making for managers at each of the three primary organization levels along with the associated decision characteristics. (20 marks)

B.Using the current situation (COVID-19) as your example, elaborate on the change which could happen in decision making (30 marks)

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