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- What are the two systems that the brain uses in decision-making? How are they related to programmed and nonprogrammed decisions?List and describe at least three barriers to effective decision-making.What are some common biases that can affect decision making, and how can decision makers overcome them?
- What role does quality information play in decision-making? Please explain in detail?What are the key elements of effective decision-making, and how can managers develop the skills required to make sound decisions in a wide range of contexts?Why does it make sense to discuss several different models of decision making?
- Do the steps in the decision-making process have to be followed in order? Why or why not justify your answer with examples?What is the power of decision making?What are the key steps involved in the decision-making process according to decision theory, and how can decision analysis tools and techniques aid in each step?