A) Which of the following isnota characteristic of a good decision?

A.based on logic

B.considers all possible alternatives

C.employs appropriate quantitative techniques

D.always results in a favorable outcome

B) _______ is not a part of the formulation of decision analysis problem.

A.decision alternatives

B.states of nature

C.payoffs

D.factors

C) Which decision model incorporates the uncertainty element?

A.predictive

B.normative

C.prescriptive

D.descriptive