When a manager must make a guess as to the probabilities associated with each alternative,what decision-making state is that manager working in?
A) Rationality
B) Certainty
C) Risk
D) Recognition
E) Uncertainty

Question

Quizplus · Accepted Answer

When a manager makes a guess about probabilities, they are operating under a state of risk, where the probabilities of outcomes are known or can be estimated.

When a Manager Must Make a Guess as to the Probabilities