Resource Categories. stability and flexibility both today and in the future. In this resource we set out the twelve golden rules for nonprofit finance, including Budgeting, Diverse Funding Sources and Interdependence. 12 Golden Rules of Nonprofit Finance.
Transcript of PACED Decision Making Model. The PACED Decision-Making model provides for students to be actively involved in the decision-making process. In Decisionomics, it provides teachers and students with a straight-forward decision-making matrix that can help to develop rational decision-making skills.
Quick Answer. The six-step decision-making process is called rational decision-making, and it utilizes analysis and facts to make a decision. The steps are defining the problem, identifying the decision criteria, ranking the criteria, developing alternative solutions, evaluating the solutions and selecting the best solution.