When a manager is making a decision that involves both known and unknown elements, the most effective decision tool is usually a(n) ___________.
A) factor analysis
B) OODA loop
C) decision tree
D) stochastic simulation

Question

Quizplus · Accepted Answer

A decision tree is effective for decisions involving both known and unknown elements as it allows for mapping out various possible outcomes and decisions, incorporating uncertainty and probabilities.

When a Manager Is Making a Decision That Involves Both