A tabular presentation that shows the outcome for each decision alternative under the various possible states of nature is called:
A)a payoff table.
B)a feasible region.
C)an isoquant table.
D)a decision tree.
E)a payback period matrix.

Question

Quizplus · Accepted Answer

A payoff table shows the potential outcomes of each decision alternative under different states of nature, allowing decision makers to make informed decisions based on expected values or other decision criteria.

A Tabular Presentation That Shows the Outcome for Each Decision