Which of the following approaches to decision making involves selecting the best possible alternative?
A) The minimax approach
B) The risk-averting approach
C) The synectics approach
D) The satisficing approach
E) The optimizing approach

Question

Quizplus · Accepted Answer

The optimizing approach involves selecting the best possible alternative by evaluating all possible options and choosing the one that will yield the highest payoff. This approach is often used when the decision is important and there is sufficient information available to make a well-informed choice.

Which of the Following Approaches to Decision Making Involves Selecting