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Five Steps The five steps are: (1) define the decision task, (2) identify alternative courses of action, (3) collect relevant information and evaluate each alternative, (4) select the preferred course of action, and (5) analyze and assess decisions made. Nonfinancial information is relevant to decision making because it includes information about such matters as environmental.
Related Essay Topics:
Alternative Courses Of ActionConcept Of A Relevant CostDecision TaskRelevant Information