In Managerial Decision Making, When One Can Estimate the Likelihood

question 96

Multiple Choice

In managerial decision making, when one can estimate the likelihood of various consequences but still does not know with certainty what will happen, he or she is facing

• A) irresolution.
• B) maximization.
• C) risk.
• D) optimization.
• E) framing effects.

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Definitions:

Own Activities

Tasks or actions that an individual decides to undertake or is personally involved in.

Feelings Of Inferiority

A psychological condition where an individual perceives themselves as lesser or inadequate compared to others.

Psychosocial Development

A theory by Erik Erikson that emphasizes the impact of social experiences across the lifespan on individual development.

Sense Of Initiative

An individual’s ability to plan and execute tasks independently, often associated with confidence in taking actions.