Which of the following means that a decision has clear-cut goals and that good information is available, but the future outcomes associated with each alternative are subject to chance?
A) Certainty
B) Risk
C) Uncertainty
D) Ambiguity
E) Brainstorming

Question

Quizplus · Accepted Answer

Risk refers to a decision with clear-cut goals and good information available, but future outcomes associated with each alternative are subject to chance. This means that there is a possibility of both gain and loss, but probabilities can be estimated.

Which of the Following Means That a Decision Has Clear-Cut