A model that starts with the future-most point and moves toward the current time period is called a ____.
A)Payoff table
B)Maximax decision
C)Decision tree
D)Satisficing

Question

Quizplus · Accepted Answer

A decision tree begins with the future-most point and moves toward the current time period, making it the most fitting option for the given question. A payoff table is a chart that displays the potential outcomes of different decisions in a tabular format. Maximax decision is a decision-making technique where you choose the option that gives the maximum payoff. Satisficing is a decision-making strategy where you select the first option that meets your criteria, rather than the optimal solution.

A Model That Starts with the Future-Most Point and Moves