Question: Please study and complete the following table by stating whether the characteristics of the information supporting these decision-making types: (a) are ill-defined or well-defined; (b)

Please study and complete the following table by

Please study and complete the following table by stating whether the characteristics of the information supporting these decision-making types: (a) are ill-defined or well-defined; (b) use internal or external information; (c) use internal or external information sources; (d) use future-oriented or historical information; (e) are frequent or infrequent; (f) use more or less accurate information. In the final column of the table, please provide one (1) example for each type of decision-making that illustrates and confirms your assessment of the information characteristics for each decision type. Hint: Some parts of the table have been completed for you. You are not to change this information. 0.5 mark for each correctly aligned information characteristic, and 1 mark for each appropriate example that confirms the characteristics in light of the decision type. Type of Decision Making Example of decision type Is the decision ill-defined or well- defined? Does the decision use internal or external information? Does the decision future-oriented or historical information? Is the decision frequent or infrequent? Does the decision use more or less accurate information? Strategic Less External Information accurate Managerial Both future- oriented and historical Operational Frequent More Internal information accurate Transactional Historical Well- defined

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