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) administrative decision model
B) behavioural decision model
C) political decision model
D) classical decision model
E) bounded rationality decision model

Question

Quizplus · Accepted Answer

The classical decision model assumes a world of complete certainty where managers have all the information they need to make the optimal decision. This model is characterized by a clearly defined problem, known alternatives, and predictable outcomes.

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