A measure of the outcome of a decision such as profit, cost, or time is known as a
A)branch.
B)payoff.
C)regret.
D)forecasting index.

Question

Quizplus · Accepted Answer

A payoff is a measure of the outcome of a decision, specifically in terms of monetary gain or loss. The other options are not correct - a branch is a possible path or outcome in a decision tree, regret is the feeling of disappointment or sadness about a past decision, and a forecasting index is a tool used to predict future trends or outcomes.

A Measure of the Outcome of a Decision Such as Profit