In the decision-making process, the classical and behavioral models could be used to:
A) evaluate results.
B) implement the decision.
C) decide on a course of action.
D) conduct a cost-benefit analysis.

Question

Quizplus · Accepted Answer

Both the classical and behavioral models can be used in deciding on a course of action. The classical model emphasizes rationality and optimization, while the behavioral model takes into account psychological factors such as biases and heuristics. Using both can result in a more balanced decision-making process. However, neither model is particularly useful for evaluating results or conducting a cost-benefit analysis, and implementing the decision typically falls outside the scope of decision-making models.

In the Decision-Making Process, the Classical and Behavioral Models Could