If a Human Resources manager can estimate the probability that a certain percentage of employees will take advantage of a proposed benefit plan, the manager is operating under a condition of
A) certainty.
B) estimation.
C) risk.
D) uncertainty.
E) rationalisation.

Question

Quizplus · Accepted Answer

The fact that the HR manager is estimating the probability indicates that there is some element of risk involved in their decision-making. Risk refers to a situation where there is a level of uncertainty about the potential outcomes or consequences of a decision, and where there is a possibility of negative consequences as well as positive ones. In this case, the HR manager is trying to assess the likelihood of a certain percentage of employees taking up a new benefit plan, which involves some degree of uncertainty and the possibility of varying outcomes depending on a range of factors (such as employee attitudes, the perceived value of the benefit, and so on).

If a Human Resources Manager Can Estimate the Probability That