When an individual does not have the necessary information to assign probabilities to the outcomes of alternative solutions, a decision is made under the condition of __________.
A) risk
B) subjectiveness
C) uncertainty
D) probability

Question

Quizplus · Accepted Answer

Decisions made under the condition of uncertainty occur when an individual lacks sufficient information to assign probabilities to the outcomes of different alternatives, making it challenging to predict the results accurately.

When an Individual Does Not Have the Necessary Information to Assign