ECONOMICS

Detailed explanation-1: -Various factors like economy, society, law, and political environments drive managers to plan their goals and targets accordingly. However, the weather changes on a day-to-day basis and so, it does not impact the important decisions in a business.

Detailed explanation-2: -Several factors influence decision making. Those factors are past experiences, cognitive biases, age and individual differences, belief in personal relevance, and an escalation of commitment.

Detailed explanation-3: -Significant factors include past experiences, a variety of cognitive biases, an escalation of commitment and sunk outcomes, individual differences, including age and socioeconomic status, and a belief in personal relevance. These things all impact the decision making process and the decisions made.

Detailed explanation-4: -The empirical results reveal that strategic decision-making abilities are affected by five factors: attention, memory, thinking, emotion, and sentiment, and whose influence mechanisms and degrees are varied.