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Formal method of making choices, considering help of quantitative and qualitative analysis is classified as

A. quantitative analysis

B. decision method

C. qualitative method

D. linearity method

Answer: Option B

Solution(By Examveda Team)

Formal method of making choices, considering help of quantitative and qualitative analysis is classified as decision method. Decision-making is the process of identifying and choosing alternatives based on the values, preferences and beliefs of the decision-maker. Every decision-making process produces a final choice, which may or may not prompt action.

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