Decision tree analysis is used
A) To organize decisions that involve alternatives with differing expected revenues and differing levels of certainty.
B) To organize decisions when alternatives have different fixed and variable costs.
C) When there is no uncertainty associated with the alternatives.
D) To chose among alternatives using qualitative criteria.

Question

Quizplus · Accepted Answer

Decision tree analysis is used to organize decisions that involve alternatives with differing expected revenues and differing levels of certainty, allowing for a visual representation of decision-making under uncertainty.

Decision Tree Analysis Is Used