In 1993,when Apple Computer introduced the Newton,its personal digital assistant (PDA),managers had no idea what the probability of a successful product launch for a PDA might be.This condition is called:
A)Risk
B)Uncertainty
C)Bounded rationality
D)Optimization
E)Satisficing

Question

Quizplus · Accepted Answer

When uncertainty exists,the probabilities of alternative outcomes cannot be determined and future outcomes are unknown.

In 1993,when Apple Computer Introduced the Newton,its Personal Digital Assistant