A Risk Situation Involves the Decision Maker Estimating the Likelihood

question 91

Multiple Choice

A risk situation involves the decision maker estimating the likelihood of _________.

• A)certain outcomes
• B)organisational efficiency
• C)programmed decisions
• D)conditional uncertainty

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Definitions:

Incentives

External rewards or punishments that motivate behavior or inspire action.

Stimuli

External or internal factors that elicit a physiological or psychological response in an organism.

Intrinsic Motivation

The drive to engage in activities for their own sake, because they are interesting or enjoyable, without seeking external rewards.

Instinct

An innate, typically fixed pattern of behavior in animals in response to certain stimuli.