What influences and biases might impact and impede decision making?

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Learning Goal: I’m working on a management exercise and need an explanation and answer to help me learn.1. Do you believe that KFC would have been so successful in China today if executives had tried to make their first store a wholly owned subsidiary? Why or why not?2. The typical joint venture only lasts a few years. Why might joint ventures dissolve so quickly?3. What are the key elements of effective corporate governance?4. How do individuals and firms gauge ethical behavior?5. What influences and biases might impact and impede decision making?6. How does the Sarbane Oxly Act impact businesses and employees?7. What is the role of a board of directors?

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