Problem
1. Explain in your own words why it is important in some situations to consider future decisions as well as the immediate decision at hand. Can you give an example from your own experience of an occasion in which you had to make a decision while explicitly anticipating a subsequent decision? How did the immediate decision affect the subsequent one?
2. Explain in your own words why it is important to keep track of what information is known and what events are still uncertain for each decision.
3. What alternatives other than specific protection strategies might Larkin Oil consider (e.g., insurance)?
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.