When Managers Cannot Assign Probabilities of Future Occurrence to Possible

question 77

Multiple Choice

When managers cannot assign probabilities of future occurrence to possible alternatives to a decision,this is known as:

• A) certainty
• B) risk
• C) bounded rationality
• D) uncertainty
• E) dialectical inquiry

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Definitions:

Cognitive Changes

Modifications in mental functions such as memory, problem-solving, and attention that can occur due to aging, disease, or injury.

Apprenticeship

A system of training a new generation of practitioners of a skill under the guidance of an expert through hands-on practice and learning.

Puberty

Process by which a person attains sexual maturity and the ability to reproduce.

Developmental Period

A span of time during which individuals undergo biological, psychological, and cognitive changes as they grow and mature.