Final answer:
A decision is only as good as the information it is based on. Gathering reliable data, analyzing it, and considering alternatives are crucial in making informed decisions.
Step-by-step explanation:
A decision is only as good as the information it is based on. Making an informed decision requires gathering relevant and reliable data, analyzing and evaluating it, and considering the potential consequences and alternatives. For example, in a business context, a company's decision on whether to invest in a new project should be backed by accurate market research, financial analysis, and understanding of the competitive landscape.
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