Management Assessment Test

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  1. Explain what boundaries are and why they are important in decision-making.

    Your answer must be a minimum of 75 words in length

  2. Define System 1 and System 2 thinking. Explain how they are relevant to decision-making.

    Your answer must be a minimum of 75 words in length

  3. Explain what an alternative is and why it is important to decision-making.

    Your answer must be a minimum of 75 words in length.

  4. Describe the three forms of overconfidence, and give examples of how overconfidence has caused some bad historic decisions.

    Your answer must be a minimum of 300 words in length

  5. Explain rational decision-making, and briefly discuss the six steps needed to achieve rational decision-making.

    Your answer must be a minimum of 300 words in length.

Textbook: Bazerman, M. H., & Moore, D. A. (2013). Judgment in managerial decision making (8th ed.). Hoboken, NJ: Wiley.

Please be very orignial

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