Read the following paragraph. Select each of the ways Max was financially responsible. Max needed to make a tough decision about a purchase. He stated his problem, listed the alternatives, selected criteria, and evaluated the alternatives to make his decision. He also shopped around for the best price. He used a credit card to make the purchase and paid as much as he could when the bill came. 1. Max paid as much as possible when paying a credit card bill.

2. Max used a decision-making method to make tough decisions.

3. Max spent wisely. 4. Max put money in his savings account.

Question

Business

Cindy Lou Who

13 November, 08:04

Read the following paragraph. Select each of the ways Max was financially responsible. Max needed to make a tough decision about a purchase. He stated his problem, listed the alternatives, selected criteria, and evaluated the alternatives to make his decision. He also shopped around for the best price. He used a credit card to make the purchase and paid as much as he could when the bill came. 1. Max paid as much as possible when paying a credit card bill.

2. Max used a decision-making method to make tough decisions.

3. Max spent wisely. 4. Max put money in his savings account.

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Answers (1)

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Tessie · Answer 1

Option 2 is the right ans.

Explanation:

Max has used Decision-making (DM) criteria. Because DM criteria follows the certain steps that are necessary for any business/Manager to follow these steps while making a good decision.

These are as follows

1. Identify the problem

2. Find out alternatives

3. Choose the alternatives

4. Implement the decision

5. And evaluate the decision.

Since Max is doing all these steps in his decision to make a purchase, therefore, Option 2 best fits among other options. Option is not technically right. Option 3 is not very relevant and option 4 has no link with the question.