In a Multicriteria Decision Problem

question 14

Multiple Choice

In a multicriteria decision problem

• A)it is impossible to select a single decision alternative.
• B)the decision maker must evaluate each alternative with respect to each criterion.
• C)successive decisions must be made over time.
• D)All of these are correct.

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Definitions:

Annual Rate

The interest rate for a period of one year, often used for comparing the yields of investments or loans.

Borrowed

Describes money that has been taken from another party with the agreement that it will be repaid, typically with interest.

Daily Interest

Interest calculation method where the interest is accrued daily.

Savings Account

A bank account where money is kept so that it can earn interest over time, typically used for holding funds that are not needed for daily expenses.