Author Question: Regardless of the length, the development of proposals can be divided into three main steps: laying ... (Read 33 times)

Kthamas · **on:** Aug 21, 2018

Regardless of the length, the development of proposals can be divided into three main steps: laying the foundation, building the grant proposal, and assembling the final product.
a. True
b. False
Indicate whether the statement is true or false

Question 2

How do managers make decisions when presented with data?

jaymee143 · **Reply #1 on:** Aug 21, 2018

Answer to Question 1

True

Answer to Question 2

Managers begin the decision-making process by organizing the data into usable information. Then they specify the means by which the data are to be analyzed. This analysis usually involves sorting, formatting, extracting, and transforming the data via certain statistical methods. Finally, managers interpret the output and prepare reports that summarize the information. Decisions are then based on the figures in the reports.