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)reliability
B)risk
C)uncertainty
D)certainty

Question

Quizplus · Accepted Answer

The manager is using past outcomes as a basis for making a decision about how much to order for the current spring season. However, there is still a degree of risk involved as the outcome may not be exactly the same as last spring. Therefore, the manager is operating under a risk decision-making condition.

A Retail Clothing Store Manager Who Estimates How Much to Order