The __________ decision model describes decision making with complete information.
A) classical
B) logical
C) behavioral
D) optimizing

Question

Quizplus · Accepted Answer

The classical decision model is based on the assumption that the decision maker has complete information about the problem and the alternatives. It also assumes that the decision maker is rational and will choose the alternative that leads to the best possible outcome. Therefore, in situations where there is complete information available, the classical decision model is the best choice.

The __________ Decision Model Describes Decision Making with Complete Information