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Friend or relatives financial situation

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Reference no: EM131595409

Use the Six Steps of Decision Making for a significant professional decision you are going to have to make. If your current situation does not require additional analysis you may offer to perform this analysis on a friend or relatives financial situation.

  • Define the problem
  • Determine the objective
  • Explore Alternatives
  • Predict the Consequences
  • Make a choice
  • Perform Sensitivity Analysis

Samuelson, W. F., & Marks, S. G. (2015). Managerial Economics (8th Edition). Hoboken, N.J.: John Wiley and Sons Inc.

Reference no: EM131595409

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