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, faces a clearly defined problem, and knows all possible action alternatives as well as their consequences. This model is based on rational economic assumptions and is often used in situations where certainty and objectivity are valued over creativity and adaptability.

The ___ Describes Decision Making with Complete Information, Where the Manager