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In the Design Phase of Decision Making, Selecting a Principle

Question 20

Multiple Choice

In the design phase of decision making, selecting a principle of choice or criteria means that


A) if an objective model is used with hard data, all decision makers will make the same choice.
B) risk acceptability is a subjective concept and plays little part in modeling.
C) using well-designed models guarantees you success in real life.
D) optimality is not the only criterion for acceptable solutions.

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