MANAGEMENT

Detailed explanation-1: -Risk strategies are often a complex sequence of decisions completed over a period of time with new information collected along the way. A decision tree or decision flow diagram is a very useful tool in that it can provide a clear graphical representation of these risky decision problems.

Detailed explanation-2: -Expert-Verified Answer. (B) The entropy of a node typically decreases as we go down a decision tree is true about a decision tree.

Detailed explanation-3: -Decision trees provide an effective method of decision making because they: Clearly lay out the problem so that all options can be challenged. Allow us to analyze fully the possible consequences of a decision. Provide a framework to quantify the values of outcomes and the probabilities of achieving them.

Detailed explanation-4: -A decision tree is a tool that can help businesses project possible outcomes to make educated and well-thought-out choices. Use decision trees with other decision-making methods to sort through possible outcomes. Creating a decision tree is a straightforward process, unlike some other decision-making techniques.