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Managerial Decision Making
Question 1
Discuss framing and how it affects the decision-making process. Your response should consist of no less than 200 words
Question 2
Discuss your most recent decision to purchase a major item (entertainment center, automobile, home, etc.). In what way did the acquisition utility or the transactional utility come into play for you?
Question 3
Discuss your attitude about certainty, uncertainty, and risk when making decisions. How has your attitude helped or hindered your ability to make rational decisions?
Question 4
Describe the concepts of joint and separate preference reversals. Also, discuss the similarities and differences that exist between the two. Your response should consist of no less than 200 words.