Question: 5.1 Learning Outcomes: Compare rational and nonrational decision-making. Explain how managers can make decisions that are both legal and ethical. Describe how evidence-based management and

5.1 Learning Outcomes: Compare rational and nonrational decision-making. Explain how managers can make decisions that are both legal and ethical. Describe how evidence-based management and business analytics contribute to decision-making. Describe how artificial intelligence is used in decision-making. Compare four decision-making styles. Identify barriers to rational decision-making and ways to overcome them. Outline the basics of group decision-making. 5.2 Action Required: Chance favors only the prepared mind. Louis Pasteur A decision tree is a graph of decisions and their possible consequences. It is used to create a plan to reach a goal. It is a technique that considers the value of the options available and the chances of them occurring. 5.3 Test your Knowledge (Question): To what extent does the use of the decision tree business technique support Louis Pasteurs statement

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