When managers cannot assign probabilities of future occurrence to possible alternatives to a decision,this is known as:
A)Certainty
B)Risk
C)Bounded rationality
D)Uncertainty
E)Satisficing

Name: When managers cannot assign probabilities of future occurrence to possible alternatives to a decision,this is known as: A)Certainty B)Risk C)Bounded rationality D)Uncertainty E)Satisficing
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Question

Quizplus · Accepted Answer

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

When Managers Cannot Assign Probabilities of Future Occurrence to Possible