What does it mean for a decision maker to maximize value? Select one: a. to make the decision to be as clear and logical as possible b. to make decision making as simple as possible c. to waste as little time and energy as possible d. to make the achievement of goals as likely as possible

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Business

Cleopatra

21 December, 09:43

What does it mean for a decision maker to maximize value? Select one: a. to make the decision to be as clear and logical as possible b. to make decision making as simple as possible c. to waste as little time and energy as possible d. to make the achievement of goals as likely as possible

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Shea Hebert · Answer 1

Answer: Option D

Explanation: In simple words, value maximization in decision making refers to the concept in which the decision makers tries to make a decision through which both the parties involved gets maximum benefit.

Thus, he takes into consideration the concerns of both the parties without any bias and tries to make the best outcome out of it.

Hence from the above we can conclude that the correct option D.