It is very important to understand what is known prior to making a decision. All facts need to be reviewed, wrote out, and reviewed again. By doing this it will help you in making your decision accurately. For example, the DQ question we had this week, I reviewed all facts, wrote them down, and went to figure out the solution by reviewing the facts step-by-step. After I done this, then I went over everything again, and had the same solution, that there could be more than one advisor. I then submitted my answer. After doing this, I saw that another classmate had a different solution than mine so, I went back to review all the facts again, I could then see that my solution was accurate, and so was my classmates.
This activity was very interesting, because there could several different solutions. If I had reviewed only part of the facts, or not used critical thinking, then I would have definitely made the wrong decision. The role of deductive reasoning in the decision- making process is a very important one. If you do not understand all the information that you are given, or if you just understand part of the information that you are given, than you will more than likely to make the wrong decision. This is why you should make sure that you understand all the information & facts that you are given, and think critically on all information so you can make an accurate decision.
The Essay on Decision Making Data Insight Information
The June issue of Strategic Finance Magazine has an interesting article called, "Provide Insight or Face Extinction," by Noah P. Bar sky and Anthony H. Ca tanach Jr. The main theory is the traditional accounting equation, and how it should be changed to provide information for decision making. For five centuries its focus has been on accumulating, processing and reporting the results of economic ...
If you take the time to review, understand all of the facts that you are given this will help you in the decision making process. Deductive reasoning, and decision making is both part of the thinking process, when using them to together you this will aid you in making the right decision. Deductive reasoning is a method that helps you in gaining knowledge, which is a very important component in the decision making process. The process of deductive reasoning aids in understanding an argument by helping you to clearly understand all of the facts. When you deductive reason, you are thinking critically which will assist you in understanding the argument, and will also assist in making the right final decision.
When reading the 5 arguments that were given, as I was reading I was critically thinking on each fact or bit of information given. For example, on buying a car if any information was left out, you could see yourself leaning to agree with Sally but, then seeing Mark’s point of view, his old car is fine for now, he hates to go on debt with the knowledge that Sally is pregnant. But, then Sally wants a safe, reliable, dependable vehicle for the children. If the fact that Sally was pregnant were not stated then that would change the whole decision- making process. This is why it is important to have, and understand all facts to help assist you in the decision-making process.
