Decision Making Is The Process Of Making Choices By Setting Goals, Gathering Information, And Dependent Decisions

1765 Words Apr 6th, 2016 null Page
Decision making is is the process of making choices by setting goals, gathering information, and assessing alternative occupations (umassd.edu 2016). The three types of decision making are impulsive, rational, and dependent decisions. Everybody has and will encounter situations that will require them to make one of these types of decisions Rational decisions are a multi-step process for making choices between alternatives (boundless.com 2016). To make rational decisions, it requires for a person to think about the pros and cons of each alternative choice, before they make it. The formal process in which is needed to make rational decisions which follows a sequential and organized path of activities. This includes: Formulating a goals, identifying the criteria for making the decision, identifying alternatives, and finally making a final decision. Everybody wants to have the best outcome when it comes to making rational decisions, however the best outcome could not be as they imagined it. For example, if a student wanted to make honor roll this semester to increase their chances of getting into a good college, then they would have to increase their study hours. If they decided to study more throughout the week, then that limits their leisure time and ability to participate in any extracurricular activities. With each alternative choice there is an opportunity cost because something is potentially gain and lost to meet a specific need for the student. The rational decision…

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