When a manager can list all outcomes and assign probabilities to each
A)uncertainty exists.
B)both risk and uncertainty exist.
C)risk exists.
D)the manager should use the minimax rule for making a decision.
E)b and d

Question

Quizplus · Accepted Answer

When a manager can list all outcomes and assign probabilities to each, it means that the situation involves risk, not uncertainty. Therefore, the best choice is C, which states that risk exists.

When a Manager Can List All Outcomes and Assign Probabilities