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Which of the following would not be a probable reason for choosing simulation as a decision-making tool?

User Yogurt
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2 votes

Answer:

The correct answer is letter "B": There is a limited time in which to obtain results .

Step-by-step explanation:

Decision-making tools allow entrepreneurs to analyze their companies from different angles thanks to the information provided. Market research, decision matrix, cost-benefit analysis, T-Charts, or SWOT (Strengths, Weaknesses, Opportunities, and Threats) Analysis are helpful for that purpose.

If a simulation is needed before going with the analysis itself, the time it could take is not specific. In case the company has a close deadline to decide on a topic, managers should avoid simulations and go ahead with the analysis but a deep evaluation of the results must be carried out to confirm accuracy.

User Santacruz
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