Classical model of decision making includes which of these assumptions?
A) Problems are unstructured and ill defined.
B) The decision maker strives for conditions of certainty.
C) Criteria for evaluating alternatives are unknown.
D) The decision maker selects the alternatives that will minimise the economic return to the organisation.
E) The situation is always uncertain.

Question

Quizplus · Accepted Answer

The classical model assumes that decision makers strive for conditions of certainty or at least risk minimization. This assumption is a fundamental component of the model, which is based on the premise that decisions are made through rational analysis of all possible alternatives and their potential outcomes. The other options are not assumptions of the classical model.

Classical Model of Decision Making Includes Which of These Assumptions