Which of the below is an example of a compensatory decision making moder? Select one: a....

Question

Question

Answer 1

Answer #1

Example of a compensatory decision making model is additive weighing.

Lexicography, satisficing and dominance are examples of non compensatory decision making model.

Therefore, the correct answer is option a. Additive weighing.

Answer 2

Similar Homework Help Questions

Which of the decision making models below would be best to use if we want to...

Which of the decision making models below would be best to use if we want to place more importance on one attribute relative to other attributes? Select one: a dominance b. lexicography c. satisficing d. disjunctive resolution
Assume that alternatives A, B, C, and are considered. Alternative C is better than each of...

Assume that alternatives A, B, C, and are considered. Alternative C is better than each of the other 3 alternatives in a of the 10 attributes considered, except one, but in this one is by far the worst. Which of the decision making models below would be the most likely to result in eliminating alternative C? Select one: a dominance b. additive weighting c. disjunctive resolution d. satisficing
Assume that alternatives A, B, C, and are considered. Alternative is better than each of the...

Assume that alternatives A, B, C, and are considered. Alternative is better than each of the other 3 alternatives in all of the 10 attributes considered, except one, but in this one is by far the worst. Which of the decision making models below would be the most likely to result in choosing alternative C as the winner?! Select one: a disjunctive resolution b. satisficing c. dominance d. additive weighting

finance for Engineers Quiz

fin2-qq.docx1) Assume that alternatives A, B, C, and D are considered. Alternative C is better than each of the other 3 alternatives in all of the 10 attributes considered, except one, but in this one C is by far the worst. Which of the decision-making models below would be the most likely to result in choosing alternative C as the winner?a) additive weightingb) disjunctive resolutionc) satisficingd) dominance2) Assume that you want to pick a house that you will buy from...
Accounting estimates, by their nature _______. Select one: a. involve subjective decision making on the part...

Accounting estimates, by their nature _______. Select one: a. involve subjective decision making on the part of management b. should not be estimated by management, but rather by the auditor at the end of the period c. involve objective decision making on the part of management d. should cause little or no variance at the end of the period
Examples of approaches to ethical decision making include : Select one: a. The Utilitarian Approach and...

Examples of approaches to ethical decision making include : Select one: a. The Utilitarian Approach and Individual Approach b. A and B c. None of the above d. Moral –Rights Approach and Justice Approach

In the decision-making process, when you allocate weights to decision criteria you are doing this Select...

In the decision-making process, when you allocate weights to decision criteria you are doing this Select one: a, identifying the categories that are important to you b. evaluating possible solutions c. Identifying possible solutions d. rating the categories by importance
Which of the following is a decision-making criterion that is used for decision making under risk?...

Which of the following is a decision-making criterion that is used for decision making under risk? a. expected monetary value criterion b. Hurwicz criterion (criterion of realism) c. optimistic (maximax) criterion d. equally likely criterion
Which of the following is not one of the steps in managerial decision making? a) Predicting...

Which of the following is not one of the steps in managerial decision making? a) Predicting the consequences of a decision. b) Exploring the alternatives to the decision. c) Defining the problem and the objectives of the decision. d) Negotiating a consensus to implement the decision. e) Performing sensitivity analysis. If a firm’s profit is given by p = -150 + 360Q - 36Q2, then its optimal output is: a) 12 units. b) 5 units. c) 2 units. d) 20...

I work as a operating room nurse. Provide an example in which managerial decision making has...

I work as a operating room nurse. Provide an example in which managerial decision making has positively or negatively affected you? How did the personal decision-making styles used by managers apply to the situation? What is your take away from the example you provided after your reading about managerial decision making in this topic?