When Managers Are Unable to Even Assign Probabilities to the Outcomes

question 174

Multiple Choice

When managers are unable to even assign probabilities to the outcomes attached to various problem-solving alternatives,__________.

• A)A state of crisis exists.
• B)Uncertainty exists.
• C)Managers cannot rely on creativity.
• D)No solutions are possible.
• E)The planning system must rely on managers' intuition.

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Definitions:

Capital Contributions

Funds or assets contributed to a partnership or corporation by its owners or partners to support its operations or finance its objectives.

Negligence

The failure to exercise the care that a reasonably prudent person would exercise in like circumstances, resulting in harm or damage to another.

Legislation

The process of making or enacting laws; it also refers to the laws themselves that have been created through this process.