Decision trees are commonly used to illustrate how firms make business decisions that depend on the actions of rival firms.A decision tree has boxes that contain points that represent when firms must make the decisions contained in the boxes.What are these points called?

Question

Quizplus · Accepted Answer

The points in the decision tree that represent when firms must make decisions are called decision nodes. The other options presented in the question (option points, either-or terminals, and decision options) are not commonly used terms to refer to the points in a decision tree.

Decision Trees Are Commonly Used to Illustrate How Firms Make