Tom is faced with a situation in which he must make a decision. Which of the following best describes the order of the steps of

Question

4 years ago

15

Tom is faced with a situation in which he must make a decision. Which of the following best describes the order of the steps of

the decision making process. Tom should use to come to a decision?
A. Identify the outcomes, identify the courses of action, determine the pay-off function and then choose from the alternatives.
B. Identify the course of action, determine the pay-off function, identify the outcomes and then choose from the alternatives.
C. Determine the pay-off function, identify the course of action, identify the outcomes and then choose from the alternatives.
D. None of the above.

Business

1 answer:

VikaD [51] · Answer 1 · 2021-12-09T15:27:35+03:00

VikaD [51]4 years ago

6 0

Answer:

B is the correct option

Explanation:

First tom must identify the course of action of the decision, determine the pay-off function. then, identify the outcomes and then choose from the alternatives.