A retail clothing store manager who estimates how much to order for the current spring season based on last spring's outcomes is operating under what kind of decision-making condition?
A)Seasonal
B)Uncertainty
C)Risk
D)Certainty

Question

Quizplus · Accepted Answer

The manager is operating under a condition of risk because they are making decisions based on past outcomes, which implies there is a known probability or pattern (last spring's outcomes) that influences the decision, but the outcome is not guaranteed. This contrasts with certainty (where outcomes are known), uncertainty (where probabilities are unknown), and seasonal (which is more about patterns than decision-making under risk).

A Retail Clothing Store Manager Who Estimates How Much to Order