States of nature
A) can describe uncontrollable natural events such as floods or freezing temperatures.
B) can be selected by the decision maker.
C) cannot be enumerated by the decision maker.
D) All of the alternatives are true.

Question

Quizplus · Accepted Answer

States of nature refer to uncontrollable events, such as natural disasters, that affect decision-making but cannot be controlled or selected by the decision maker.

States of Nature