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people take decisions the result of the decision may be right or wrong depends upon the decision.
It is not correct.If they have never taken wrong decision they cannot take the right decision,becasue everyone learns from experience no one is perfect.
Yes because when somebody takes a decision he has the rationale behind it. It is only incorrect to the views of others.
It is wrong and great mistake because people take decision on the basis of forecasting information in future environment.
yes, only situation is wrong
To err is human. Everyone makes mistakes and makes wrong decisions. There is plenty of learning opportunities in mistakes, the safest mistake is one that you can always go back and fix.