Question: 1 . What is meant by quantitative methods? 2 . What is meant by decision making? 3 . Why do you consider decision making to

1. What is meant by quantitative methods?
2. What is meant by decision making?
3. Why do you consider decision making to be an important tool when there are situations of risk, uncertainty, conflict and/or competition in a company?
4. Mention and explain at least one important element that you understand may arise in a decision-making problem.
5. Why is the use of quantitative methods important in a decision-making process?

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