Course Learning Outcomes-Covered

• Identify and analyze different perspectives on understanding problems for different situations. (3.1)
• Utilize different decision making tools to enhance problem solving and decision making approaches. (4.3)
• Identify organized alternatives and select among possible alternative to evaluate business options. (2.10)
• Create a Decision Making and Problem Solving worksheet document. (4.5)

Critical Thinking Questions:

Question 4: (1 Mark)

If you collect too much information for analyzing a decision, you can suffer from analysis paralysis, where you spend too much time thinking about a decision rather than making one. Recall a major financial decision you made recently, such as of a car or housing purchase or rental. Describe your process for making the decision. How could analysis paralysis have affected this process?