The state that exists when decision makers have insufficient information is
A)uncertainty.
B)probability analysis.
C)certainty.
D)policy formulation.
E)risk.

Question

Quizplus · Accepted Answer

Uncertainty is a state where decision-makers do not have sufficient information to make an accurate decision. In this situation, the outcome of a decision cannot be predicted with complete confidence, making it difficult to determine the best course of action. Probability analysis and risk management can help in reducing uncertainty, but they cannot completely eliminate it. Certainty and policy formulation, on the other hand, refer to decision-making situations where there is sufficient information or established procedures to make an informed choice.

The State That Exists When Decision Makers Have Insufficient Information