When Managers Make a Decision Under Conditions of Uncertainty,they

question 29

Multiple Choice

When managers make a decision under conditions of uncertainty,they:

• A)have adequate information to assure results.
• B)often use probability techniques to evaluate alternatives.
• C)are faced with the possibility that several outcomes may occur.
• D)have to use their experience,judgment,and intuition to narrow the range of choices.

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Definitions:

Chemical

A substance produced by or used in a chemical process, consisting of atoms and molecules, and characterized by specific properties and compositions.

Physical

Pertaining to the body or the laws of nature, often used to refer to the material aspects of things as opposed to the mental or spiritual aspects.

Identified Resources

Resources whose location, quality, and quantity are known and can be recovered with current technology and economic conditions.

Nonrenewable Mineral

A mineral resource that cannot be replenished within a human timescale, such as fossil fuels or certain metals.