BUS 221 Study Guide - Comprehensive Midterm Guide: Cognitive Bias, False Dilemma, Via Rail

• School: Ryerson University
• Department: Business
• Course: BUS 221
• Professor: Chris Mac Donald

Document Summary

How to think critically about all (business related) topics [i. e. accounting, marketing, law, hr, management, ethics, it, etc. ] How to arrive at more well-justified beliefs. General tools (i. e. critical thinking) is something that every employer wants but will not teach you. Business decision making has 2 components: (1) making good decisions (2) convincing other people [i. e. employees, boss, customers] How do we convince people: give them reasons -> provide an argument, argument structure. We want to approach decisions with a critical mindset. To help with this, we will learn some methods & tools: this course aims to teach you formal tools & good habits . For making decisions based on more than instinct. For turning a good decision into a convincing argument. System 2 -> slow, engaged consciously, takes effort to use: e. g. you won"t have an intuition about what 332 x 71 is, so you must consciously solve the problem.