A tabular presentation that shows the outcome for each decision alternative under the various states of the events is called
A)a payoff table.
B)a decision tree.
C)a decision matrix.
D)a payback period matrix.

Question

Quizplus · Accepted Answer

A payoff table shows the possible outcomes for each decision alternative under different states of events. This allows decision-makers to assess the best alternative based on the overall payoff. Therefore, the best choice(s) can be determined from the payoff table by looking at the alternative with the highest overall payoff.

A Tabular Presentation That Shows the Outcome for Each Decision