__________ is a measure of the total worth of a consequence reflecting a decision maker's attitude toward considerations such as profit, loss, and risk.
A)Cost-to-company
B)Utility
C)Decision value
D)Regret

Question

Quizplus · Accepted Answer

Utility is a measure of an individual's satisfaction or happiness with a particular outcome or consequence. It incorporates factors such as profit, loss, and risk, as well as the individual's personal preferences and attitudes. Therefore, it is the most appropriate choice that reflects a decision maker's attitude toward considerations such as profit, loss, and risk.

__________ Is a Measure of the Total Worth of a Consequence