If the Decision Maker Has No Knowledge About the Likelihood

question 9

Multiple Choice

If the decision maker has no knowledge about the likelihood of any of the states of nature occurring,then it can be stated that the decision maker is operating in an environment of:

• A)Certainty.
• B)Uncertainty.
• C)Risk.
• D)Optimism.

---

Definitions:

Functional Departmentalization

The process of organizing a business or organizational structure based on the primary functions performed within the organization.

Task-technology Intervention

The application or implementation of technological solutions designed to improve the execution and efficiency of specific tasks.

Employees

Individuals officially hired to perform specific duties and work for businesses or organizations in exchange for compensation.

Workplace

The physical or virtual location where an individual performs work or professional duties.