(Answered) 1 give an example of a good decision that you made that

Management Studies

1. Give an example of a good decision that you made that resulted in a bad outcome. Also give an example of a bad decision that you made that had a good outcome. Why was each decision good or bad?

2. Describe what is involved in the decision-making process.

3. What is an alternative? What is an outcome?

4. Discuss the differences between decision making under certainty, decision making under risk, and decision making under uncertainty.

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