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Operations Management

Contrast maximax and maximin decision strategies. Under what circumstances is each appropriate?

Principles of Management

OER 2019th Edition

ISBN:9780998625768

Author:OpenStax

Publisher:OpenStax

Chapter2: Managerial Decision-making

Section: Chapter Questions

Problem 4CRQ: What is confirmation bias? Explain how it can be a barrier to effective decision-making.

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