When the Decision Maker Must Consider Several Possible Outcomes for Each

question 63

Multiple Choice

When the decision maker must consider several possible outcomes for each alternative,each with a given probability of occurrence,this is decision making under

• A)certainty.
• B)uncertainty.
• C)risk.
• D)duress.

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Definitions:

External Sources

Information, resources, or support obtained from outside an organization or individual's immediate environment.

External Sources

Information, support, or materials obtained from outside an individual's immediate environment or organization.

Open Innovation

A business strategy that encourages companies to use external as well as internal ideas and paths to market in their innovation activities.

Web-Enabled Input

Refers to the capability to input data or information into a system through web interfaces, facilitating easier access and interactivity.