Greece was on the verge of defaulting on its debt.It decided to dock a month's pay from all elected officials as part of austerity measures.This is an example of decision making
A) with bounded rationality.
B) under risk.
C) under uncertainty.
D) with a satisficing result.
E) under certainty.

Question

Quizplus · Accepted Answer

The decision to dock a month's pay from elected officials was made under uncertainty because the outcomes of such austerity measures were not guaranteed, and the economic situation was unpredictable.

Greece Was on the Verge of Defaulting on Its Debt