A(n) __________ environment, in which managers make decisions, lacks so much information that it is difficult to assign probabilities to the likely outcome of alternatives.
A) uncertain
B) bad
C) improbable
D) risk

Question

Quizplus · Accepted Answer

An uncertain environment is characterized by a lack of information, making it difficult for managers to assign probabilities to potential outcomes. In this type of environment, decision making is often based on intuition, judgment or experience. Option B, "bad," is too subjective and does not refer to the level of information available. Option C, "improbable," is incorrect as it refers to the likelihood of an event occurring rather than the certainty of information. Option D, "risk," is also incorrect as risk implies that some level of information is available, but there is uncertainty about the outcome.

A(n) __________ Environment, in Which Managers Make Decisions, Lacks So