During the fallout of the global financial crisis of the late 2000s, finance companies had to make important decisions in a highly ambiguous environment. The decision to buyout failed banks could best be described as what type of decision?
A) Bounded
B) Programmed
C) Conventional
D) Wicked decision problem
E) Irrational decision

Question

Quizplus · Accepted Answer

The decision to buyout failed banks during the fallout of the global financial crisis can be considered a wicked decision problem. This is because the decision was made in a highly ambiguous environment with unclear and constantly changing information, multiple stakeholders with competing interests, and significant uncertainty regarding the outcomes and consequences of various courses of action. Wicked decisions also require subjective judgment, creativity, and innovative solutions to address complex and multifaceted problems.

During the Fallout of the Global Financial Crisis of the Late