In Which Step of the Decision Process Do Managers Use

Multiple Choice

In which step of the decision process do managers use past data to estimate the relationship of cost drivers compared to costs?

A) Step 1: Identify the Problem and Uncertainties.
B) Step 2: Obtain Information.
C) Step 3: Make Predictions about the Future.
D) Step 4: Make Decisions by Choosing among the Alternatives.
E) Step 5: Implement the Decision,Evaluate Performance,and Learn.