Question: In which decision environment does a manager deal with probabilities regarding possible courses of action and their consequences? (a) risk (b) certainty (c) uncertainty (d)

In which decision environment does a manager deal with probabilities regarding possible courses of ¬action and their consequences?

(a) risk

(b) certainty

(c) uncertainty

(d) optimal

Step by Step Solution

3.49 Rating (159 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Exploring Management Questions!