A model that starts with the future-most point and moves toward the current time period is called a _____.
A) payoff table
B) maximax decision
C) decision tree
D) satisficing matrix

Question

Quizplus · Accepted Answer

A decision tree starts with the future-most point, usually represented as a square, and moves towards the current time period, usually represented as circles. Payoff tables and satisficing matrices are tools used to evaluate the outcomes of different decision options, but they do not necessarily follow a chronological order. Maximax decision is a decision criterion that involves choosing the option with the maximum possible payoff, but it is not a decision modeling technique. Therefore, the best choice for a modeling technique that starts with the future and moves towards the present is a decision tree.

A Model That Starts with the Future-Most Point and Moves