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

Question

Quizplus · Accepted Answer

The pessimistic approach involves considering the worst-case scenario for each alternative to make a decision.

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