Define what is meant by making a decision


Problem

• DDDM 1- Compare and Contrast the Impact Matrix from 101 with the correlation chart shown in the article. If you need more information and details on correlation, read the article: "When to Act on a Correlation, and When Not To" by David Ritter.

• DDDM 2- i) Share an example of a time you went with a gut feeling rather than relying on data that was available to you. Did it turn out well, why or why not? ii) What are the 4 errors typically made by people in the decision-making process. iii) Briefly explain each of the 4 errors.

• DDDM 3- i) Define what is meant by making a decision. ii) What are the key facets of decision-making scenario? C)Which facet do you think is the most important?

The response must include a reference list. Using one-inch margins, double-space, Times New Roman 12 pnt font and APA style of writing and citations.

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Business Management: Define what is meant by making a decision
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