Question

A measure of the outcome of a decision such as profit, cost, or time is known as a _____. a. forecasting index b. payoff c. branch d. regret

Answer 1

b. payoff

Step-by-step explanation:

In the context of business, this measurement is known as a payoff. In other words, it refers to whatever is obtained as a final result from a specific outcome generated after making specific decisions. Every business decisions revolve around what the potential payoffs will be in order to decide whether or not they will be worth making and if the benefits outweigh the negative aspects.