The __________ describes decision making with complete information,where the manager faces a clearly defined problem and knows all possible action alternatives as well as their consequences.
A)Classical decision model.
B)Administrative decision model.
C)Behavioural decision model.
D)Bounded rationality decision model.
E)Political decision model.

Question

Quizplus · Accepted Answer

The classical decision model assumes that the decision maker has complete information and can clearly define the problem and alternatives, and understand the consequences of each alternative. This model also assumes that the decision maker is rational and makes decisions based on a cost-benefit analysis of the available options.

The __________ Describes Decision Making with Complete Information,where the Manager