The pessimistic approach assumes that the worst possible outcome for each alternative will occur and selects the best of these.

Question

Quizplus · Accepted Answer

The statement is true. The pessimistic approach is a decision-making strategy that evaluates each alternative by assuming that the worst possible outcome will occur for each option and then selects the one that has the least negative impact. This approach is used when the decision-maker wants to minimize the risk or avoid the negative consequences of a decision.

The Pessimistic Approach Assumes That the Worst Possible Outcome for Each