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Place the four stages of the managerial decision-making process in the correct chronological order from first to last.

Answer

Identify the problem, Gather relevant data, Analyze the gathered data, Draw conclusions and evaluate alternatives

Explanation

### The order 1. **Identify the problem**: the manager first defines what needs attention. 2. **Gather relevant data**: evidence is collected after the decision problem is clear. 3. **Analyze the gathered data**: analysis turns evidence into findings that can inform a choice. 4. **Draw conclusions and evaluate alternatives**: the manager uses the analysis to judge possible actions. ### The concept A decision process is more reliable when it moves from a clear problem to relevant evidence, then to analysis and evaluation. Gathering information before defining the problem risks collecting facts that do not help with the actual choice. ### Terms - **Data**: raw facts and figures that have not yet been processed. ### Remember Define the question before collecting evidence, then analyze before choosing.

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