Telegram group: T.me/BBCNOUN
[BUS800] ______________analysis is the modern approach to decision making both in economics and in business.
Decision

[BUS800] The primary aim of decision analysis is to increase the ____________ of good outcomes by making good and effective decision.
likelihood

[BUS800] Decision makers are generally interested in the ___________monetary value decisions.
optimal

[BUS800] Decision making under uncertainty is always _____________.
complicated

[BUS800] A good decision must be ___________with the information and preferences of the decision maker.
consistent

[BUS800] ___________ theorem is a formula which can be thought of as “reversing” conditional probability.
Bayes

[BUS800] The ________________ decision refers to the selection of available action based on either the expected opportunity loss or the expected profit of the action.
expected monetary value

[BUS800] Simplify 1 - 0.2 - 0.3 = _____________
0.5

[BUS800] The payoff table is usually displayed in__________ form.
grid

[BUS800] Decision maker is operating under ____________.
certainty