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) risk
B) certainty
C) uncertainty
D) seasonal

Question

Quizplus · Accepted Answer

The manager is operating under a condition of risk because they are using past data to make predictions, which involves some level of uncertainty but also some known probabilities based on previous outcomes.

A Retail Clothing Store Manager Who Estimates How Much to Order