What does it mean for a decision maker to maximise value?
A)To make the decision to be as clear and logical as possible
B)To use as little resources as possible
C)To make the achievement of goals as likely as possible
D)To make decisions as quickly as possible

Question

Quizplus · Accepted Answer

Maximising value means making choices that achieve the goals and objectives with the resources that are available. It is about making the most effective decision in terms of achieving the desired outcome, not just the most efficient or fastest decision. This can include considering factors such as long-term impacts, stakeholder needs and preferences, and potential risks and uncertainties.

What Does It Mean for a Decision Maker to Maximise