Iftikhar is trying to decide where to invest company funds and has determined that there are only four options open to him that will provide a guaranteed return on the funds.He is operating under the decision-making condition known as certainty.

Question

Quizplus · Accepted Answer

The definition of certainty in decision-making is when the outcome of every alternative is known with complete accuracy. In this scenario, Iftikhar has already determined that there are only four guaranteed options for investment, indicating that he has complete knowledge and confidence in the outcome of each alternative, therefore operating under the condition of certainty.

Iftikhar Is Trying to Decide Where to Invest Company Funds