____ financial planning models seek to maximize (or minimize) the value of some objective function, such as profits (or costs).
A) Deterministic
B) Optimization
C) Probabilistic
D) none of the above

Question

Quizplus · Accepted Answer

Optimization financial planning models aim to maximize or minimize a specific goal, such as profits or costs. Deterministic models are based on known inputs and assumptions, while probabilistic models involve uncertainty and the use of probability distributions. Therefore, both A and C are incorrect choices.

____ Financial Planning Models Seek to Maximize (Or Minimize) the Value