Which three conditions do decision makers face?
A)certainty, risk, uncertainty
B)certainty, uncertainty, confidence
C)risk, high risk, low risk
D)certainty, risk, high risk

Question

Quizplus · Accepted Answer

Decision makers commonly face situations where they have certainty about outcomes, situations that involve risk where they can estimate probabilities, and situations that involve uncertainty where they don't know the probabilities of outcomes. Option B, C and D have either incorrect or redundant options.

Which Three Conditions Do Decision Makers Face