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Learning Outcomes:
Compare rational and nonrational decision-making.Explain how managers can make decisions that are both legal and ethical.Describe how evidence-based management and business analytics contribute to decision-making.Describe how artificial intelligence is used in decision-making.Compare four decision-making styles.Identify barriers to rational decision-making and ways to overcome them.Outline the basics of group decision-making.
Action Required:
A ‘decision' tree is a graph of decisions and their possible consequences. It is used to create a plan to reach a goal.
Test your Knowledge (Question):
What are the advantages and limitations of using a decision tree?
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1. elizabeth bicycle company makes bicycles.nbsp the firms income statement is as followselizabeth bicycle
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