1. Discuss the following statement. â€œIt is important that organizational managers understand that bounded awareness can and will occur in decision making.â€ Your response should consist of no less than 200 words. 2.Compare and contrast individual and group decision-making. What are the advantages and disadvantages of each? Are there certain decisions that are better suited to individual decision-making? What bounded awareness issues are found in individual versus group decision-making? Your response should consist of no less than 200 words. 3.Â Explain how the concept of bounded awareness can affect decision making. 4.Â Describe the concepts ofÂ groupthinkÂ andÂ focalismÂ and the similarities and differences that exist between the two.