__________ are used by organizations in order to assess the savings associated with different decisions.
A) Focus groups
B) Discriminant analyses
C) Utility analyses
D) Taylor-Naylor-Fayva tables

Question

Quizplus · Accepted Answer

Utility analyses are used to assess the value or worth of different alternatives or decisions by quantifying their expected outcomes and associated costs. This approach can help organizations compare the expected savings or benefits of different decisions and choose the most cost-effective option. Focus groups are used to gather qualitative data and opinions from a selected group of individuals, while discriminant analyses are statistical techniques used to classify observations into different groups or categories. Taylor-Naylor-Fayva tables are not a commonly recognized concept in organizational decision-making.

__________ Are Used by Organizations in Order to Assess the Savings