Henry's firm has noticed that its employee benefits plan is quite dysfunctional.There is a high level of consensus among all the stakeholders that the plan needs to be replaced.Using several analysis tools,such as analytical models and break-even analysis,Henry and his team are able to come to a decision on the alternate plan to be employed.In this scenario,which of the following methods of decision making was used?

Question

Quizplus · Accepted Answer

The use of analytical models and break-even analysis suggests that Henry and his team employed the rational choice method in their decision making process.

Henry's Firm Has Noticed That Its Employee Benefits Plan Is