A risk situation involves the decision maker estimating the likelihood of _________.
A)certain outcomes
B)organisational efficiency
C)programmed decisions
D)conditional uncertainty

Question

Quizplus · Accepted Answer

A risk situation involves uncertain outcomes that may or may not occur. The decision maker estimates the likelihood of these outcomes in order to make an informed decision and manage potential risks. Organisational efficiency and programmed decisions do not inherently involve risk or uncertainty, and conditional uncertainty is not a commonly used term in this context.

A Risk Situation Involves the Decision Maker Estimating the Likelihood