Decision-Making Conditions (Scenario)
Sabah is the manager for CaterersRUs, a medium-sized catering company. She is responsible for initiating new client contacts, and staffing both existing and new assignments. She is currently struggling with existing information about the profitability of existing and future clients.
-Sabah wishes to minimize her regret and will probably opt for a ________ strategy.
A) minimax
B) certainty
C) maximax
D) risk

Question

Quizplus · Accepted Answer

The minimax strategy is used to minimize the maximum possible regret, which aligns with Sabah's goal of minimizing regret in decision-making.

Decision-Making Conditions (Scenario) Sabah Is the Manager for CaterersRUs, a Medium-Sized Catering Company