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

Question

Quizplus · Accepted Answer

The three types of decision making environments are certain, risk, and uncertain. In a certain environment, outcomes are known with certainty. In a risk environment, probabilities can be assigned to outcomes. In an uncertain environment, probabilities cannot be reliably estimated. These distinctions are important because they affect how decisions are made and what information is used to make them.

The Three Types of Decision Making Environments Are __________, __________

The Three Types of Decision Making Environments Are ,