A decision model involves a(n) ________. Question 10 options: CHOSE ONE OPTION A
ID: 2469089 • Letter: A
Question
A decision model involves a(n) ________.
Question 10 options: CHOSE ONE OPTION
A) formal method of making a choice at the lower level management using advanced management techniques such as balance scorecard
B) formal method of making a choice that often involves both quantitative and qualitative analyses
C) informal method of making a choice at the lower level management using sensitivity analysis
D) informal method of making a choice which is discussed in detailed in the financial reports
A) formal method of making a choice at the lower level management using advanced management techniques such as balance scorecard
B) formal method of making a choice that often involves both quantitative and qualitative analyses
C) informal method of making a choice at the lower level management using sensitivity analysis
D) informal method of making a choice which is discussed in detailed in the financial reports
Explanation / Answer
Answer:
B) Formal method of making a choice that often involves both quantitative and qualitative analyses.
Decision model takes in to consideration the statistical analysis of collection of data which is quantitative. It also takes in to consideration the qualitative factors which influence the result of a decision like SWOT analysis, PEST etc.