When managers cannot assign probabilities of future occurrence to possible alternatives with a decision,this is known as:
A) certainty.
B) risk.
C) bounded rationality.
D) uncertainty.
E) dialectical inquiry.

Question

Quizplus · Accepted Answer

When uncertainty exists,the probabilities of alternative outcomes cannot be determined and future outcomes are unknown.Managers are working blind.Because the probability of a given outcome occurring is not known,managers have little information to use in making a decision.

When Managers Cannot Assign Probabilities of Future Occurrence to Possible