The uncertainty associated with evaluating your alternatives is referred to as:
A)opportunity cost.
B)selection of alternatives.
C)financial goals.
D)personal values.
E)risk.

Question

Quizplus · Accepted Answer

The uncertainty associated with evaluating alternatives is referred to as risk. This means that, regardless of the financial goals, personal values, and opportunity cost associated with each alternative, there is always a degree of uncertainty and potential downside to consider. Therefore, the best choice(s) would be those that minimize risk or have an acceptable level of risk given the potential rewards.

The Uncertainty Associated with Evaluating Your Alternatives Is Referred to As