The decision-making technique that involves graphically displaying alternatives considered in a decision and the outcomes expected as a result is termed a ________.
A)PERT chart
B)Decision Network Chart
C)Decision Tree
D)CPM chart

Question

Quizplus · Accepted Answer

A decision tree is a graphical representation of alternatives and outcomes in a decision-making process. It helps in exploring the possible outcomes of different choices and calculating the expected value of each alternative. Therefore, a decision tree is a suitable choice for the given scenario. PERT chart, CPM chart, and Decision Network Chart are also decision-making techniques but are not specifically designed to graphically display alternatives and outcomes.

The Decision-Making Technique That Involves Graphically Displaying Alternatives Considered in a Decision