In a decision-making framework presented in Chapter One, the term "bad luck" refers to a situation when the following occur:
A) Good decision quality and good outcome quality.
B) Good decision quality and bad outcome quality.
C) Bad decision quality and good outcome quality.
D) Bad decision quality and bad outcome quality.

Question

Quizplus · Accepted Answer

"Bad luck" refers to a situation where a decision was of good quality, but resulted in a negative outcome. Good decision quality and good outcome quality (A) represent a successful decision-making process, while bad decision quality and good outcome quality (C) represents a situation where a decision was made poorly but resulted in a positive outcome, which could be due to external factors or luck. Bad decision quality and bad outcome quality (D) represent a failure in decision-making. Therefore, the only option left is B.

In a Decision-Making Framework Presented in Chapter One, the Term