QUESTION 19 19. When making decisions under uncertainty, an Optimistic decision maker will choose: a. An alternative that maximizes the minimum outcome for every alternative An alternative that has the highest average outcome An alternative that maximizes the maximum outcome for every alternative None of the alternatives and remains undecided d. QUESTION 20 20. In the Decision making process, a state of nature is an occurrence of a situation over which the decision maker has little or no control. True False QUESTION 21 21. I want to use Weighing of Objectives method to analyze my next new car purchase. The following statements about the steps are correct, except one of the following: a. List multiple alternatives to choose from and the criteria to evaluate each alternative Give a weighting factor for each criteria based on your value system, (0 to 10, 10 being favorable) Compare the weighted value of each alternative to an ideal situation d. Select the alternative with the least weighted value QUESTION 23 23. The critical path in the following project Network diagram is ..... B 3 days D 2 days 4 days 2 days LE 2 days 3 days a. A-C-E-F b. A-B-D-F c A-C-D-F B-C-D-E-F There is no critical path in this project network