A tabular presentation that shows the outcome for each decision alternative under the various possible states of nature is called a(n)
A) isoquant table
B) payback period matrix
C) payoff table
D) feasible region
E) decision tree

Question

Quizplus · Accepted Answer

A payoff table shows the potential outcomes of each decision alternative under different states of nature, making it easier to compare the options and make a decision. Therefore, it is the best choice for this situation. The other options listed are not relevant to this scenario.

A Tabular Presentation That Shows the Outcome for Each Decision