A ____ is a numerical representation of a realistic situation,such as a cash-flow model of a business that shows how income adds to cash accounts and expenses deplete those accounts.
A) decision master
B) decision matrix
C) decision model
D) decision index

Question

Quizplus · Accepted Answer

A decision model is a numerical representation of a realistic situation and includes various models like cash-flow models, decision trees, and Monte Carlo simulations. The other options (A, B, and D) do not accurately describe a numerical representation of a realistic situation.

A ____ Is a Numerical Representation of a Realistic Situation,such