Decision situations that involve a finite and usually not-too-large number of alternatives are modeled by an approach called ________.
A) exhaustive search
B) decision map
C) decision analysis
D) trial-and-error

Question

Quizplus · Accepted Answer

Decision analysis is the approach used to model decision situations that involve a finite and usually not-too-large number of alternatives. It involves structuring and analyzing decision problems to help make informed choices.

Decision Situations That Involve a Finite and Usually Not-Too-Large Number