Which of the Following Methods for Decision Making Best Protects

question 52

Multiple Choice

Which of the following methods for decision making best protects the decision maker from undesirable results?

• A)the optimistic approach
• B)the conservative approach
• C)minimum regret
• D)minimax regret

---

Definitions:

Goodwill Message

A communication intended to foster positive relations and goodwill between individuals or organizations.

Interpretation

The act of explaining or understanding the meaning of something, particularly in terms of language, text, or actions.

Accuracy

The degree to which information, measurements, or calculations are correct and free from errors.

Nature Of Listening

The nature of listening involves the active process of receiving, interpreting, and responding to verbal and nonverbal messages.