Question 1 (20 marks/20 minutes) For the four (4) types of decision making, state whether the characteristics of the information supporting those decision-making types is likely to be: ill-defined or well-defined; use internal or external information; whether the information sources are internal or external; whether the information is future-oriented or historical; frequent or infrequent; or, more or less accurate. Provide an example for each type of decision making that illustrates and confirms your assessment of the information characteristics for each decision type. 0.5 marks for each correctly aligned information characteristic, and 3 marks for each appropriate example that confirms the characteristics in light of the decision type. (20 marks) Decision- making type Example of decision type Is the decision ill-defined or well- defined? Does the decision use internal or external information? Does the decision use future-oriented or historical information? Is the decision frequent or infrequent? Does the decision use more or less accurate information? Strategic Less accurate Managerial Both future and historical Operational Internal information Transactional Well- defined Question 1 (20 marks/20 minutes) For the four (4) types of decision making, state whether the characteristics of the information supporting those decision-making types is likely to be: ill-defined or well-defined; use internal or external information; whether the information sources are internal or external; whether the information is future-oriented or historical; frequent or infrequent; or, more or less accurate. Provide an example for each type of decision making that illustrates and confirms your assessment of the information characteristics for each decision type. 0.5 marks for each correctly aligned information characteristic, and 3 marks for each appropriate example that confirms the characteristics in light of the decision type. (20 marks) Decision- making type Example of decision type Is the decision ill-defined or well- defined? Does the decision use internal or external information? Does the decision use future-oriented or historical information? Is the decision frequent or infrequent? Does the decision use more or less accurate information? Strategic Less accurate Managerial Both future and historical Operational Internal information Transactional Well- defined