What does each of the major decision-making approaches fail to deal with?
A) calculating consequences
B) bargaining
C) defining goals
D) uncertainty

Question

Quizplus · Accepted Answer

Each of the major decision-making approaches (such as rational, bounded rational, intuitive, and creative) fail to deal with uncertainty, which is the lack of knowledge or information about the future outcomes associated with each decision alternative. While these approaches attempt to address various aspects of the decision-making process, they may not adequately account for the potential risks, uncertainties, or unpredictability that can impact decision outcomes. Therefore, it is important to incorporate methods such as scenario planning, risk analysis, or simulation modeling to account for uncertainty and improve decision-making accuracy.

What Does Each of the Major Decision-Making Approaches Fail to Deal