Decision-making is one of the fundamental keys to the survival of an organization, more so now that economic boundaries between countries crumble, business becomes more complex, and the results of decisions often have global impact. Decisions are made constantly in business; it is the part and parcel of being effective in one 's job. Innovation and improvement on a regular basis are required to maintain and improve the ability to make rational decisions, and some psychologists even believe that the ability to make effective decisions is at the core of the individual 's success of failure within their organization (Porter, 1998). Managers, in particular, realize that if their organizations are to survive in this dynamic and uncertain environment, they have to make decisions concerning new business opportunities, products, customers, suppliers, markets and technical developments. This clearly indicates that the most important managerial attribute is the ability to make the right decision. The outcomes of the decisions will be used as the benchmark to evaluate whether managers are successful (Drucker, 2001).…