Which of the following statements about the classical model of decision making is FALSE?
A) All alternatives are known.
B) Certainty or the ability to create certainty exists.
C) Rational behavior on the part of decision makers is a given.
D) Decision makers will be affected by personal preferences.
E) All aspects of the decision situation will be evaluated.

Question

Quizplus · Accepted Answer

The classical model of decision making assumes that decision makers are fully rational and will not be influenced by personal biases or preferences. It posits an idealized decision-making process that is entirely objective and logical, which does not account for personal preferences affecting decisions.

Which of the Following Statements About the Classical Model of Decision