MI – May 2022 – L1 – SA – Q5 – Decision-Making Techniques

Identifying an element that is not part of the decision-making process.

Question

Which of the following is NOT an element involved in decision making, planning and control process?

A. Identifying the objectives that will guide the decision
B. Search for a range of possible courses of action to achieve the objectives
C. Select an appropriate alternative course of action to achieve the objectives
D. Implement the decisions as part of planning and budgeting process
E. Maximise shareholders’ value

Answer

Answer: E. Maximise shareholders’ value

Explanation:
Maximizing shareholder value is a long-term financial goal, not an element of the immediate decision-making, planning, and control process. The latter involves setting and pursuing operational objectives through specific actions.

Tags: Decision Making, Objectives, Planning
Level: Level 1

Topic: Decision-making techniques
Series: MAY 2022

Uploader: Kwame Aikins