Which of the following means that a decision has clear-cut goals and that good information is available, but the future outcomes associated with each alternative are subject to some chance of loss or failure?
A) Certainty
B) Risk
C) Uncertainty
D) Ambiguity
E) Brainstorming

Question

Quizplus · Accepted Answer

Risk means that there is a chance of loss or failure even if there are clear-cut goals and good information is available. In this situation, the decision-maker is aware of the potential outcomes but cannot predict the exact results.

Which of the Following Means That a Decision Has Clear-Cut