Managerial Economicsintermediate
Managers should make a decision before identifying the problem and collecting relevant evidence.
Answer
false
Explanation
### Why this is right
The course presents problem identification and evidence gathering as steps that precede analysis and a decision. Acting first risks an arbitrary or poorly supported choice.
### The concept
A structured decision process identifies the issue, gathers relevant data, analyzes it, draws conclusions, and evaluates alternatives. Evidence does not guarantee a perfect decision, but it makes the reasoning more disciplined and allows the manager to compare choices.
### The other options
- **True**: this reverses the decision process. It may feel faster, but it encourages a choice unsupported by a defined problem or evidence.
### Remember
Define the problem and examine evidence before selecting an action.
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