Which of the following is the fourth step of the "Six Steps in Decision Making"?
A)Select one of the mathematical decision theory models.
B)List the possible alternatives.
C)Apply the model and make your decision.
D)List the payoff or profit of each combination of alternatives and outcomes.

Question

Quizplus · Accepted Answer

The fourth step in the "Six Steps in Decision Making" is to list the payoff or profit of each combination of alternatives and outcomes, which helps in evaluating the potential results of each decision.

Which of the Following Is the Fourth Step of the "Six