Q383
Formal method of making choices, considering help of quantitative and qualitative analysis is classified as
A.
quantitative analysis
B.
decision method
AnswerC.
qualitative method
D.
linearity method
Answer: Option B
Solution
Answer: Option B
Solution:
Formal method of making choices, considering help of quantitative and qualitative analysis is classified as decision method. Decision-making is the process of identifying and choosing alternatives based on the values, preferences and beliefs of the decision-maker. Every decision-making process produces a final choice, which may or may not prompt action.