What is the difference between decision making and problem, Business Management

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What is the difference between decision making and problem

1. What is the difference between decision making and problem solving?

2. What is a satisficing model? What is an optimization model? Describe a situation where each should be used.

3. Identify and briefly describe the three stages of decision making.

4. What is the difference between a structured and an unstructured decision? Give several examples of each.

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Business Management: What is the difference between decision making and problem

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