When managers cannot assign probabilities of future occurrence to possible alternatives to a decision,this is known as:
A) certainty
B) risk
C) bounded rationality
D) uncertainty
E) dialectical inquiry

Question

Quizplus · Accepted Answer

When uncertainty exists, the probabilities of alternative outcomes cannot be determined and future outcomes are unknown. Managers are working blind. Because the probability of a given outcome occurring is not known, managers have little information to use in making a decision.

When Managers Cannot Assign Probabilities of Future Occurrence to Possible