The three types of decision making environments are:
A) good, neutral, and bad.
B) certain, risk, and uncertain.
C) absolute, not sure, and no idea.
D) certain, not sure, and risk.

Question

Quizplus · Accepted Answer

The three types of decision making environments are certain, risk, and uncertain. This categorization is based on the level of knowledge or information available about the outcomes of a decision. Certain environments provide complete information, while uncertain environments provide no information or unpredictable outcomes. Risk environments fall in between, with some information available but still some uncertainties.

The Three Types of Decision Making Environments Are