An optimal decision is one that chooses
A)the most desirable alternative among the possibilities permitted by the resources available.
B)the lowest cost method of meeting goals, without regard to quality or any other feature.
C)among various possible goals and offends no one, so that all are equally happy.
D)among equally important goals, and thereby avoids the "indispensable necessity" syndrome.
E)among possible goals in such a way that spends as little money as possible.

Question

Quizplus · Accepted Answer

An optimal decision is one that chooses the most desirable alternative among the possibilities permitted by the resources available. This means that the decision must consider both the desirability of the potential outcomes and the constraints imposed by the resources available. Option A correctly captures this idea. The other options either ignore important factors or are too narrow in their focus.

An Optimal Decision Is One That Chooses