Uncertainty is a decision environment in which the decision maker does not know what outcome will occur when an alternative is selected.

Name: Uncertainty is a decision environment in which the decision maker does not know what outcome will occur when an alternative is selected.
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Question

Quizplus · Accepted Answer

Uncertainty in decision-making refers to situations where the decision maker cannot predict outcomes with certainty due to lack of information or inherent unpredictability in the environment.

Uncertainty Is a Decision Environment in Which the Decision Maker