In decision making under ________, there are several possible outcomes for each alternative, and the decision maker knows the probability of occurrence of each outcome.
A)risk
B)utility
C)certainty
D)probability

Question

Quizplus · Accepted Answer

In decision making under risk, the decision maker knows the probability of occurrence of each possible outcome, making it the best choice for decision making based on calculated risks.

In Decision Making Under ________, There Are Several Possible Outcomes