Question

Arrange in correct sequence: 
(i) Setting objective 
(ii) Identifying alternatives 
(iii) Developing premises 
(iv) Evaluating options

• A. (i), (ii), (iii), (iv)
• B. (iii), (ii), (i), (iv)
• C. (i), (iii), (ii), (iv)
• D. (iii), (i), (ii), (iv)

Hint:

In planning, always start with clear objectives, followed by assumptions or premises, and then explore and evaluate alternatives. This process helps in making informed decisions.

Answer 1

The Correct Option is C

The stipulated order for business decision-making is:

1. Establish Objective: The initial stage involves clear definition of desired goals or targets.
2. Develop Premises: Assumptions and predictions impacting the decision are identified and formulated here.
3. Identify Alternatives: Various courses of action or strategies are explored and enumerated as potential resolutions.
4. Evaluate Options: The identified alternatives are scrutinized and analyzed for viability, advantages, and disadvantages to ascertain the optimal selection.

Consequently, the accurate sequence is: (i), (iii), (ii), (iv).