decision has been derived from the Latin word “ DECIDERE” which means “Cutting
Off ”. Thus decision making involves cutting off of alternatives between those
that are desirable and those that are not desirable. So decision making is a
kind of choice of a desirable alternative. Generally decision making is a
psychological process resulting in the selection of a belief (or) a course of
action among several alternative possibilities. It is a problem solving
activity followed by an optimal solution to the business problem or situation.