When Managers Know the Possible Outcomes of a Decision and Can

question 101

Multiple Choice

When managers know the possible outcomes of a decision and can assign probabilities to each of these outcomes in terms of their likelihood of occurrence in the future,this is known as:

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

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Definitions:

Punishment

A consequence that decreases the likelihood of a behavior being repeated, often by introducing an unpleasant outcome following the behavior.

Punishing Stimulus

A stimulus that decreases the likelihood of a behavior being repeated by applying an undesirable consequence.

Responding

involves giving a reaction or answer to a stimulus or situation through behavior or action.

Punish

The process of applying an aversive consequence to reduce the likelihood of a behavior occurring in the future.