Use of payback analysis as a means to select among decision alternatives is an example of which basis for choosing a decision alternative?
A) Quantitative decision making
B) Subjective decision making
C) Experimentation
D) Observation

Question

Quizplus · Accepted Answer

Payback analysis is a quantitative method used for evaluating decision alternatives based on the time it takes for the initial investment to pay for itself. This aligns with the basis of quantitative decision making, where decisions are made using numerical data and analysis.

Use of Payback Analysis as a Means to Select Among