Using Modeling for Decision Support Can Currently Achieve All of the Following

question 10

Multiple Choice

Using modeling for decision support can currently achieve all of the following EXCEPT

• A) enhance the decision making process.
• B) enable organizations to see likely results of their decisions.
• C) replace strategy formulation at top levels of the organization.
• D) reduce the costs of providing services to customers.

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Definitions:

Unfavorable

Describing something that is disadvantageous, negative, or not beneficial; often related to opinions, conditions, or outcomes.

Probability

The chance of an event happening, represented numerically from 0 to 1.

Establishing Probability

The process of determining the likelihood that a given proposition or hypothesis is true.

Method Of Equal Alternatives

A method of determining the probability of an event by finding the ratio of favorable outcomes to the total number of possible outcomes.