Which of the following is not a characteristic of a good decision?
A) based on logic
B) considers all available data
C) considers all possible alternatives
D) employs appropriate quantitative techniques
E) always results in a favorable outcome
Correct Answer:
Verified
Q27: Utility theory may help the decision maker
Q29: By studying a person's Utility Curve, one
Q31: The following is a payoff table giving
Q31: A second table (an opportunity loss table)must
Q32: Utility theory provides a decision criterion that
Q34: Which of the following is not considered
Q35: In a decision problem where we wish
Q37: What makes the difference between good decisions
Q38: A pessimistic decision making criterion is
A)maximax.
B)equally likely.
C)maximin.
D)decision
Q40: The criterion of realism is also called
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