Which of the Following Is Correct with Respect to the Concepts

question 223

Multiple Choice

Which of the following is correct with respect to the concepts of certainty, risk, and uncertainty?

• A) The majority of managerial decisions are made under conditions of certainty.
• B) In a situation of risk, the alternatives are known, but costs are simply probabilities.
• C) In a situation of uncertainty, the manager knows the alternatives that are available, but not the outcomes that will result from a specific alternative.
• D) There is very little difference between the conditions of risk and uncertainty because in both the outcome is unclear.
• E) Under a condition of certainty, profits are guaranteed.

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Definitions:

Emotionally

Pertaining to the capacity to experience and express feelings, often involving affective states like happiness, anger, or sadness.

Contraception Methods

Various techniques or devices used to prevent pregnancy and control fertility.

Higher Education

Post-secondary schooling that includes universities and colleges, often leading to a degree or certification.

Fertility Rates

The mean amount of offspring a female member of a certain population gives birth to during her life.