Identifying the worst possible outcomes for each alternative in the decision-making process is referred to as the ________.
A)risk averting approach
B)pessimistic approach
C)satisficing approach
D)optimistic approach

Question

Quizplus · Accepted Answer

The term "pessimistic approach" refers to identifying the worst possible outcomes for each alternative in the decision-making process, as it focuses on the most negative scenarios that could result from each decision.

Identifying the Worst Possible Outcomes for Each Alternative in the Decision-Making