Which of the following defines a problem in the decision-making process?
A)A discrepancy between the ideal and the practical
B)A hindsight bias has been identified
C)A discrepancy between what exists and what the decision-maker desires to exist
D)When 'rules of thumb' are not used

Question

Quizplus · Accepted Answer

A problem in the decision-making process is defined as a discrepancy between what currently exists and what the decision-maker desires to exist. This highlights the need for a decision to be made in order to bridge this gap. Options A, B, and D are not definitions of a problem in the decision-making process.

Which of the Following Defines a Problem in the Decision-Making