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Consider the following statements about the framework for decision making. Which of the following are true: 1. When estimating the costs of each alternative, do

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Consider the following statements about the framework for decision making. Which of the following are true: 1. When estimating the costs of each alternative, do not consider previous experience/knowledge gained from making similar estimations due to the 'sunk' nature of previously incurred costs. 2. The decision maker should always choose to do something-i.e, doing nothing is not acceptable 3. The solution space to the problem/challenge at hand should never be restricted or narrowed Statement 1 only St nent 2 onl Statement 3 only Statement 2 and 3 only None of the statements are true

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