Organizational Behavior Study Set 7
Quiz 14: Managerial Decision Making
Uncertainty is the condition under which an individual does not have the necessary information to assign probabilities to the outcomes of alternative solutions.
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Objective probability is the likelihood that a specific result will occur,based on hard facts and numbers.
Business leaders often prepare to handle only the types of crises they've already suffered,and not even all of those.
Leaders often need to employ intuition,creativity and all available information to make a judgement regarding the course of action to take.
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