Describe what is involved in the decision-making process

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Question: 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.

Reference no: EM131929628

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