The decisions many managers make in today's business world typically involve ________.
A) little risk, complete information, and long decision timelines
B) some risk, nearly complete information, and moderate timelines
C) no risk, certainty of the outcomes, and time pressure
D) risk, incomplete information, and time pressure

Question

Quizplus · Accepted Answer

Managers in today's business world often face situations with a level of risk, incomplete information, and time pressure. This is because of the fast-paced nature of business, the uncertainty of the market, and the need for quick and effective decision-making. Managers must be able to manage risk and make decisions with incomplete information, while also being able to do so in a timely manner to stay competitive.

The Decisions Many Managers Make in Today's Business World Typically