Refer to the extract below and answer the research question following.

Managerial decision$-$making is a critical aspect of any organisation. Managers make

decisions that affect the future of the organisation and all its stakeholders. There are

different types of managerial decisions, and understanding them is crucial for effective

decision$-$making.

Managers are saddled with responsibility of leading their organisations to achieve

objectives and stated goals. This does not only require versatility and powess, but more

adequate knowledge management with excellent decision$-$making. The term

$$knowledge$$ has being viewed and defined from differing perspectives. Knowledge is a

blend of a contextual information, framed experience, expert$$s experience and value that

results in innovation and pristine experience. Knowledge is also regarded as

organisational culture, skills, reputation, intuition, and codified theory that influences

human behaviour and thought.

Adapted from: Abubakar, A$.$M$.,$ Elrehail, H$.,$ Alatailat, M$.$A$,$ and Elci, A$.,2019,$ Knowledge

management, decision$-$making style and organisational performance, $4(2),$ pp$\mathrm{.}104114$

Required:

Based on the managerial decision$-$making principles, conduct in$-$depth research to

address the following:

$$ Explore the different types of managerial decisions.

$$ Explore the factors that influence managerial decision$-$making.

$$ Examine challenges associated with managerial decision$-$making.