Which of the Following Is Not an Approach for Decision

question 62

Multiple Choice

Which of the following is not an approach for decision making under uncertainty?

• A)decision trees
• B)maximin
• C)maximax
• D)minimax regret
• E)Laplace

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Definitions:

Commission-Based

A payment model where compensation is tied directly to performance, such as the amount of sales generated or the success in meeting specified goals.

Internet Business Model

A plan for earning revenue and profit through online operations, which includes various frameworks such as e-commerce, advertising, subscription services, and freemium.

Distribution Efficiencies

Refers to the optimization of processes and systems for distributing products or services to reduce costs and improve speed and reliability.

SWOT Analysis

A strategic planning technique used to identify Strengths, Weaknesses, Opportunities, and Threats related to business competition or project planning.