The sequence of possible managerial decisions and their expected outcome under each set of circumstances can be represented and analyzed by using _______.
A. minimax regret matrix
B. payoff matrix
C. decision tree
D. expected profit matrix
Answer:C
The sequence of possible managerial decisions and their expected outcome under each set of circumstances can be represented and analyzed by using _______.
A. minimax regret matrix B. payoff matrix C. decision tree D. expected profit matrix