Chapter 6, Problem 4AL

Summary Introduction

To determine:

What can be learnt from the situations that has come across in the past to make future decision in an effective manner.

Introduction:

Decision making refers to the thought process which is taken into consideration for choosing a logical option from available alternatives. An individual should weigh the negative and positive associated with each option while striving to make a good decision. An individual is required to forecast the result associated with each choice or option to have an effective decision making.