All of the following statements about risk in decision making are correct EXCEPT
A) all business decisions incorporate an element of risk.
B) decision makers frequently measure risk and uncertainty incorrectly.
C) methodologies are available for handling extreme uncertainty.
D) most decision makers are pessimistic about decision outcomes.

Question

Quizplus · Accepted Answer

The statement "most decision makers are pessimistic about decision outcomes" is incorrect. Many decision makers are actually optimistic about their decisions, which can lead to overconfidence and increased risk-taking.

All of the Following Statements About Risk in Decision Making