Which of the following statements about intuitive approaches is/are false? -Ignoring or discounting items that are complex or not understood well. -Little (formalised) thinking about risks, uncertainties and unknowns. -Rapid decision-making, with a bias to reinforce initial conclusions. -Lack of transparency into decision criteria and the importance placed on various items. -All statements about intuitive approaches are true. KINDLY EXPLAIN

Understanding Business
12th Edition
ISBN:9781259929434
Author:William Nickels
Publisher:William Nickels
Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment
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Which of the following statements about intuitive approaches is/are false?
-Ignoring or discounting items that are complex or not understood well.
-Little (formalised) thinking about risks, uncertainties and unknowns.
-Rapid decision-making, with a bias to reinforce initial conclusions.
-Lack of transparency into decision criteria and the importance placed on various items.
-All statements about intuitive approaches are true.

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