Which of the following is true of a structured decision?
A)A formula for computing the reorder quantity of an item in inventory is an example of a structured decision process.
B)A structured decision is often collaborative.
C)A structured decision process is one for which there is no agreed-on decision-making method.
D)A structured decision is neither standardized nor broadly accepted.

Question

Quizplus · Accepted Answer

A structured decision is a decision-making process that has a defined and specific approach or method. A formula for computing the reorder quantity of an item in inventory is an example of a decision-making process that has a defined and specific approach, so it is a structured decision. Option B is incorrect because while a structured decision can involve collaboration, it is not a necessary characteristic. Option C is incorrect as a structured decision process specifically refers to decision-making methods that have been agreed on or established. Option D is incorrect as a structured decision is, by definition, a standardized and broadly accepted method of making decisions.

Which of the Following Is True of a Structured Decision