Question: Describe the steps in the decision-making process Identify the assumptions of the rational decision-making model Explain the limits of rationality Describe the types of problems

  1. Describe the steps in the decision-making process
  2. Identify the assumptions of the rational decision-making model
  3. Explain the limits of rationality
  4. Describe the types of problems and decisions
  5. Describe the actions of the bounded-rational decision maker
  6. Discuss intuition and managerial decision making
  7. Describe how group decisions can overcome some of the problems in decision making
  8. Describe the advantages and disadvantages of group decisions
  9. Discuss decision-making biases and errors
  10. Define ethics
  11. Describe the four views of ethics
  12. Discuss how ethical behavior in organizations can be improved

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